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
Top 10 Solar Stocks with Highest Short Interest
Below are the top 10 Solar stocks with the highest short interest as a percentage of total shares outstanding. Four Chinese companies (LDK, STP, YGE, TSL) are on the list.
Energy Conversion Devices, Inc. (NASDAQ:ENER) has the 1st highest short interest in this segment of the market. Its short interest is 33.4% of its total shares outstanding. Its Days to Cover is 5.51, calculated as current short interest divided by average daily volume.
First Solar, Inc. (NASDAQ:FSLR) has the 2nd highest short interest in this segment of the market. Its short interest is 18.9% of its total shares outstanding. Its Days to Cover is 7.61, calculated as current short interest divided by average daily volume.
LDK Solar Co., Ltd. (NYSE:LDK) has the 3rd highest short interest in this segment of the market. Its short interest is 18.7% of its total shares outstanding. Its Days to Cover is 7.66, calculated as current short interest divided by average daily volume.
SunPower Corporation (NASDAQ:SPWRA) has the 4th highest short interest in this segment of the market. Its short interest is 15.9% of its total shares outstanding. Its Days to Cover is 7.13, calculated as current short interest divided by average daily volume.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 5th highest short interest in this segment of the market. Its short interest is 12.4% of its total shares outstanding. Its Days to Cover is 6.74, calculated as current short interest divided by average daily volume.
Evergreen Solar, Inc. (NASDAQ:ESLR) has the 6th highest short interest in this segment of the market. Its short interest is 11.1% of its total shares outstanding. Its Days to Cover is 5.31, calculated as current short interest divided by average daily volume.
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readingLabels: ENER, ESLR, First Solar Inc, FSLR, LDK, Solar Stocks, SPWRA, STP, SunPower Corp, Suntech Power
Oil drops, Solar Stocks Follow
With Crude Oil on its 3rd consecutive day drop, Solar Stocks keep following the Commodity, losing from -5% to -10% on most Solar Stocks.
Some examples for today:
Energy Conversion Devices, Inc. (ENER) -8%
First Solar, Inc. (FSLR) -5%
Suntech Power Holdings Co., Ltd. (STP) -9%
Canadian Solar Inc. (CSIQ) -10%
The Solar Stock ETF of reference, Claymore/MAC Global Solar Index , is down almost 7%
Keep away from Solar Stocks for a couple of days, we might get some opportunities by the end of the week. If your Short, keep those profits running.
Labels: Bearish, Canadian Solar Inc., CSIQ, ENER, First Solar Inc, FSLR, solar ETF, Solar Stocks, STP, Suntech Power, TAN
Solar Stocks performance versus TAN
With the upgrades given today, some Solar Stocks started to move, while others remained in the red. The TAN Solar ETF is still neutral for today, but let's compare the two biggest performers for today with the Solar Stock ETF Benchmark:
Energy Conversion Devices, Inc. (NASDAQ:ENER) is still one of the worst performers counting from the bottom of the Bear Market since March, it's low PER and the fact that its Operating Income is positive for the 1st Quarter of 2009, means this could be one of the stocks to watch in the future. Just remember that it still is a laggard:
Very nice performance since the bottom, but still below the average when compared to TAN.
TAN is the ETF that represents the 'Stock Index' for the whole Solar Industry, and has already recovered all of the losses since December, but still has much to recover. This should be the perfect candidate if you want to diversify in the Solar Industry, but look to the long term!
Labels: ENER, Energy Conversion Devices Inc, ESLR, Evergreen Solar, solar analysis, solar ETF, Solar Stocks, TAN
PMorgan Solar Picks (ENER, ESLR, FSLR, ASTI, SPWRA)
JPMorgan has decided to make some key solar ratings changes this morning. The firm is cautious on the valuation of some in the position of a declining market trend right now, but there are some key takeaways here that are up as well. Energy Conversion Devices, Inc. (NASDAQ: ENER) and Evergreen Solar Inc. (NASDAQ: ESLR) are up, while shares of First Solar Inc. (NASDAQ: FSLR) are getting slapped on this call today.
Ascent Solar Technologies Inc. (NASDAQ: ASTI) was upgraded to Neutral from Underweight; no trade indications have been seen as this is a low-imapct change. Energy Conversion Devices, Inc. (NASDAQ: ENER) was initiated with an Overweight; shares are trading up 4%. Evergreen Solar Inc. (NASDAQ: ESLR) was the surprise winner as it was upgraded to Overweight from Underweight; its shares are up 10% at almost $2.40 in pre-market trading. SunPower Corporation (NASDAQ: SPWRA) was also upgraded, but only to “Neutral” from Underweight; no trade indications have been yet.
The standout in the group is unfortunately the leader of the whole solar sector. First Solar Inc. (NASDAQ: FSLR) downgraded to Neutral from Overweight. Shares are still seeing thin volume but are indicated down 2% at $152.00.
sourceLabels: Ascent Solar Technologies Inc., ASTI, ENER, Energy Conversion Devices Inc, ESLR, Evergreen Solar, First Solar Inc, FSLR, Solar Ratings, Solar Stocks, SPWRA, SunPower Corp
Energy Conversion Devices, Inc. (Public, NASDAQ:ENER) 2009 Outlook
Energy Conversion Devices, Inc. Issues Q3, FY 2009 Outlook Below Analysts' EstimatesEnergy Conversion Devices, Inc. announced that for the third quarter of 2009, it expects consolidated revenues are expected to be $95-$110 million. For fiscal 2009, the Company expects consolidated revenues are expected to be $395-$440 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $119 million for the third quarter of 2009; revenue of $451 million for fiscal 2009.
Source: Reuters
ENER is up today 4% on the pre-market.
Labels: Earnings, ENER, Energy Conversion Devices Inc, solarstocks
Solar Stocks Earnings
Some solar companies are going to release earnings in the next weeks, so here is the list:
SunPower Corporation (Nasdaq: SPWRA, SPWRB) will announce its fourth-quarter and year-end 2008 earnings in a conference call on Thursday, January 29th at 1:30 p.m.
First Solar, Inc. (Nasdaq: FSLR) will report financial results for the fourth quarter and year ended December 27, 2008, after market close on Tuesday, February 24, 2009. The Company will hold its quarterly and year end conference call to discuss these results at 4:30 p.m. EST
Evergreen Solar, Inc. (Public, NASDAQ:ESLR) is on Thursday, February 5
Energy Conversion Devices, Inc. (Public, NASDAQ:ENER) announces on Monday, February 9
Labels: Earnings, ENER, Energy Conversion Devices Inc, ESLR, Evergreen Solar, First Solar Inc, FSLR, solarstocks, SPWR, SunPower Corp
Thin Film Solar Technologies
By Paulo Nery
The solar photovoltaic (PV) industry is clearly in a rapid growth phase. The worldwide industry size was recently estimated at $50 billion. Over the past few years, production capacity is thought to have grown at an average of 48% each year and cumulative global production is now at 12.4 Giga Watts (GW). It is also an industry on the brink of change. New technologies are emerging that seem certain have an impact on the entire shape of the PV industry.
Since they were first developed in the 50’s there have been no major changes to the basic crystalline silicon solar cell. But significant improvements are now taking place with several competing innovations vying for position. Crystalline silicon cells, which come in mono and poly crystalline forms, are now being referred to as “first generation” PV. These mature technologies have experienced dramatic growth in volumes. But with shortages of silicon and high prices affecting finished costs, the volumes are dropping. If silicon prices drop further we could yet see more competitive prices for these solar PV modules. But there’s only so much that prices can drop with that technology.
Second generation PV, or thin film technology, holds out the real promise of more price competitive systems because they can be manufactured with dramatically less material, shorter supply chains and cheaper, faster processes. Thin film is still a nascent industry and competition between players is much more about intellectual property and access to capital than the manufacturing efficiencies that drive the first generation PV makers. So there are lower prices from improved efficiency to be anticipated still.
Solar Stocks: First Solar, Inc.(NasdaqGS: FSLR),Energy Conversion Devices, Inc.( United Solar Ovonics) (NasdaqGS: ENER) , XsunX, (OTCBB:XSNX), SolarWorld (SRWRF.PK), Sanyo Electric (SANYY.PK)
Full article:
http://www.investorideas.com/Companies/ViewDocument.asp?ID=5697Labels: ENER, Energy Conversion Devices Inc, First Solar Inc, FSLR, News, SolarWorld, Thin film solar cells
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
Suntech Power(STP) & Energy Conversion Devices (ENER)
Suntech Power is making new highs again, proving once again that is not only one of the top performers in the solar energy sector, but probably the best performer for the following months... Even if Oil prices are making new lows!
This chart proves it:
And here are some opinions on Energy Conversion Devices (Nasdaq: ENER):
Forecast on Energy Conversion Devices: Jim Cramer vs. Jeffrey W. BencikAnalyst Jeffrey W. Bencik at Jefferies & Co said that ENER was one his top 2 picks in the solar industry for '07, opining that despite continued volatility, this should be a rewarding year for ENER investors. He believes that attention will "shift from company specific performance to a top-down focus on the evolution of solar incentive schemes."
Jim Cramer, on Thursday's Mad Money, said he could not, "in good conscience, recommend that stock with oil at $51, going to $49. So, [he is] going to say no, no, no. Sell, sell, sell."
Read the full blog post
hereLabels: ENER, 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
