Energy Conversion Devices is Among the Companies Offering Investors the Best Value in the Electrical Components & Equipment Industry
Below are the top five companies in the Electrical Components & Equipment industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.
Energy Conversion Devices (NASDAQ:ENER) has a price to book ratio of 0.5x based on a current price of $7.23 and a book value per share of $15.05.
DayStar Technologies (NASDAQ:DSTI) has a price to book ratio of 0.5x based on a current price of $0.33 and a book value per share of $0.68.
Evergreen Solar (NASDAQ:ESLR) has a price to book ratio of 0.6x based on a current price of $1.14 and a book value per share of $1.9.
Universal Security Instruments (AMEX:UUU) has a price to book ratio of 0.6x based on a current price of $6.67 and a book value per share of $10.76.
Deswell Industries (NASDAQ:DSWL) has a price to book ratio of 0.7x based on a current price of $5.27 and a book value per share of $7.63.
Source: MYsmartrend.com
Labels: DayStar Technologies, DSTI, ENER, Energy Conversion Devices Inc, ESLR, Evergreen Solar
Solar Stocks Performance 2007
Here is the performance of the leaders within the solar energy sector, for the first 6 months of 2007:
(as predicted, the small solar sector outperforms the rest of the market sectors)
FSLR - NASDAQ - First Solar Inc
+183%HOKU - NADSAQ - Hoku Scientific
+151%TSL - NYSE - Trina Solar
+70%
SPWR - NASDAQ - SunPower Corp
+60%
WFR - NYSE - MEMC Elect. Mat.
+35%
DSTI -NASDAQ - Daystar Tech.
+18%ESLR -NASDAQ - Evergreen Solar
+13%STP and
CSIQ are almost neutral since the start of the year, and the only loosing stock from this list is
ENER at -19%
Adding up, this group of stocks is up
51,4 % on average.
For benchmark comparisons, the
S&P500 is up
6,35% for the last six months.
Here is the top performer 6month chart, FSLR:
Labels: DSTI, ENER, ESLR, FSLR, HOKU, Solar Stocks, SPWR, STP, TSL, WFR
DayStar Technologies (DSTI) - Soaring again
The most recent news about Daystar Tech are 2 days old, and yet the stock is soaring again today, with high volume, going up 28% now.
Probably more rumors regarding new funding, the stock is trading at its last high, $3.30 reached in 11/01 and could find some resistance from sellers at this current price:
In the news about DSTI, we can find the following:
SAN FRANCISCO (MarketWatch) -- Shares of Daystar Technologies Inc. were up 12% at $9.30 on Thursday. Earlier, Daystar said it has achieved advanced performance milestones on TerraFoil cells created using each of its three production line processes. The achievements validate its GEN III production platform feasibility and TerraFoil product capability, the Halfmoon, N.Y.-based company said. As an alternative to wafer Silicon cells, TerraFoil cells have the potential to lower photovoltaic module costs below current levels, which could expand the market and accelerate the use of solar power systems worldwide, the company added.
More updates soon, if any news come in regarding DSTI's situation.
Labels: DSTI
DayStar Technologies - A New Hope
DayStar Tech (Nasdaq: DSTI) has been the ugly sister off the solar stocks group, getting lower day after day, with troubles in getting new investors to help it.
Today is the shinny new hot stock to speculate on...
There are new speculations that DayStar may have good news coming and could have found more much needed funding.
DayStar needs the funds to build a new manufacturing facility and keep its business plan on schedule, and the lack of results provoked a massive sell-off in the last months.
Even with todays massive volume and movement, they have not yet recovered from December Losses:
SPWR and HOKU are having another great day today, with SunPower Corp reaching new relative highs, and provably a safer option than DayStar at the moment.
Labels: DSTI, HOKU, SPWR
Solar Investing - Good and bad examples
SunPower Corporation (Nasdaq: SPWR) is the good example of a performing solar stock, today gaining +4.97% and staying ahead of the whole solar group in terms of performance and one that has already turned black on profitability.
SunPower Crop plans to buy $5 billion worth of solar wafers from MEMC Electronic Materials over the next 10 years, turning this company into a leader in the growing solar cell market, and many other ventures in solar energy.
The stock continues its uptrend in any of the time frames:
The Bad ExampleDayStar Technologies (Nasdaq: DSTI) continues its major sell off, and since my last comment to stay off this stock, it has plunged another -14%.
Even if people start to think that it looks undervalued, its still a very bad idea to get into this falling train. The above example, and other stocks like SunTech Power (NYSE: STP) should be the right examples to stay in solar energy, and not Daystar Tech.
The companies isnt improving its negative income growth of
-312.90%And latest numbers show a net profit margin of around -3,900.00% !
We can only guess what other problems this company might be in, this sell off could reveal more serious issues in the next weeks.
Labels: DSTI, SPWR, STP
Solar Stocks falling along with oil prices
Today, Suntech Power Holdings (STP), had one of the biggest one day correction moves, along with the whole solar stock sector going down, mainly because of the falling price of oil.
Daystar Tech (DSTI) continues further into the red, with no good news in sight, this should be the solar energy stock everyone should avoid.
As the price of oil goes down, solar energy becomes less competitive, and therefore the solar energy group does tend to move according to the performance of fossil fuels.
The losses for today:
STP -3.8%
SPWR -1.2%
CSIQ -3.4%
DSTI -16.56%
On the other hand, some stocks actually did perform as good as the semis sector:
ENER +5,14%
HOKU +4,33%
Meanwhile, R&D Magazine featured CIGS solar technology as one hot technology for 2007, you can read the article
here... the limited supply and high cost of polysilicon, which is used by 90% of PV solar cell manufacturers.
The good news is there have been major technical break-throughs made in thin-film PVs eliminating the need for polysilicon altogether. ...
Labels: CIGS, CSIQ, DSTI, ENER, HOKU, SPWR, STP
The Bear and the Bull in Solar Energy
Bears and Bulls are present in everyday markets, and in Solar Stocks this is no different.
Today we have two very good examples of raging Bulls and drowning Bears in the small Solar energy sector.
Chinese solar energy company Suntech Power Holdings Co. Ltd. said Monday it signed a deal with Sunlight Group Inc. to buy silicon wafers over a five-year period.
With rising profits this year, and reaching new relative highs today, Sun Tech Power(STP) is the top performer of the solar energy group:
DSTI has recently come under a lot of selling pressure with some of its investors backing off, and even a recent funding wasn't well received by the investors.
Castlerigg Master Investments Ltd., an offshore investment fund, gave Daystar $15 million in May, in exchange for a senior convertible note.
DSTI is going for its 2nd consecutive losing week.
DayStar is still looking for additional funding as it seeks to ramp up its manufacturing capabilities.
Better days might come to Daystar Technologies, but in the short-term, this stock is still a sell.
Labels: DSTI, STP
