Labels: ETF, solar ETF, Solar Stocks, TAN
posted by GM at
9:21 AM
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Love is a fickle thing. When oil prices surged past $100 a barrel in 2008, investors fell madly in love with alternative energy stocks. But when oil prices crashed, and when signs emerged that government budget problems would curtail the industry-friendly subsidies, so did investor ardor for this young industry. The PowerShares Wilderhill Clean Energy Exchange Traded Fund (NYSE: PBW) slid from $28 in early 2008 to below $10 today.
These ups and downs are par for the course in any young industry. Sales initially soar, then the key companies raise loads of cash to aggressively boost capacity -- often times to a point where supply exceeds demand. Prices for items -- such as solar panels and wind turbines in this case -- then plunge, leading investors to assume that profits will never be robust.
But it usually just takes time. Eventually, the industry learns to keep capacity expansion at a minimum, demand keeps rising, and prices eventually firm. And that’s just what looks to be happening in the field of alternative energy.
Labels: Alternative Energy, ETF, FSLR, PBW, Solar Stocks
posted by Ertai at
2:47 PM
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0 comment(s)
Labels: Claymore, ETF, Global Solar Index, MAC, solar ETF, Solar Stocks, TAN
posted by Ertai at
8:49 AM
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0 comment(s)
Labels: ETF, Global Solar Index, MAC, solar charts, solar ETF, Solar Stocks, TAN
posted by Ertai at
11:45 AM
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Crude oil hit a 2009 high of $71 a barrel on Wednesday, pushing solar energy ETFs to an eight-month peak, according to Investor’s Business Daily.
Claymore/MAC Global Solar Energy (TAN) soared 6.2% to 11.47, closing well above its 200-moving average, IBD reported. Volume swelled to nearly four times normal.
TAN has surged 147% from its March low, however, it is still trading 60% below its 52-week high, according to IBD. TAN holds stocks of 26 solar companies engaged in providing solar power products, services, raw materials or electricity derived from solar energy.
LDK Solar, a Chinese firm, rocketed up 21% to 13.83 on Wednesday in five times usual volume. IBD reported a Chinese official as saying that China intends to derive 20% of it energy from alternative sources by 2020.
Labels: ETF, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, TAN
posted by Ertai at
9:53 AM
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0 comment(s)
Labels: ETF, Global Solar Index, KWT, MAC, Market Vectors Solar Energy ETF, solar ETF, Solar Stocks, TAN
posted by Ertai at
9:53 AM
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0 comment(s)
Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million.
Suntech shares hit a high of more than $16/ADS yesterday before closing at $15.44, nearly $3 more than the follow-on offering price. And virtually all solar stocks have risen nicely in the past week. Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Ltd. (NYSE:YGE) are up nearly 20%, and Suntech and Energy Conversion Devices Inc. (NASDAQ:ENER) are up more than 5%.
Why the run-up in price since May 22nd? After all, Suntech earned just $0.01/ADS in the first quarter on revenue of $315.7 million, and estimates for the current quarter are for EPS of $0.01 on $360.5 million in revenues. The others certainly weren’t much more impressive. All the solar players just managed to clear very low expectations. So what’s up?
The answer lies in the rise in oil prices. Crude prices have risen above $64/barrel, US Oil Fund ETF (NYSE:USO) is up more than 5%, and solar stocks are following along for the ride. The sentiment seems to be that demand for oil will translate into demand for energy from all sources.
Labels: Canadian Solar Inc., Claymore, CSIQ, ETF, Global Solar Index, MAC, solar ETF, solarstocks, sunshine, TAN
posted by Ertai at
10:39 AM
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0 comment(s)
Highlighted here are the following: PowerShares WilderHill Clean Energy (PBW), Claymore/MAC Global Solar Energy (TAN), Market Vectors Solar Energy ETF (KWT), First Trust NASDAQ Clean Edge US Liquid (QCLN) or the Market Vectors Global Alternative Energy ETF (GEX).
It's deja vu all over again. The parallels and similarities between the development and evolution of the "green," alternative, renewable energy industry closely tracks that of the now more mature technology industry of prior decades. Both industries emerged with myriad small companies -- too many to be realistically successful -- all competing for market share with widely accepted products.
Both industries rely on first-to-market technological innovations. Stocks in both industries feature high volatility with seemingly daily market moving news. High-flying valuations become value stocks, and vice versa, at any time.
Labels: Claymore, ETF, GEX, Global Solar Index, KWT, MAC, Market Vectors Solar Energy ETF, PBW, Powershares, QCLN, solar ETF, TAN, WilderHill Clean Energy
posted by Ertai at
11:21 AM
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0 comment(s)
Labels: Claymore, ETF, Global Solar Index, MAC, TAN
posted by Ertai at
4:29 PM
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0 comment(s)
Labels: Claymore, ETF, First Solar Inc, Global Solar Index, MAC, Solar Stocks Performance, solarstocks, STP, Suntech Power, TAN
posted by Ertai at
10:53 PM
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0 comment(s)
Labels: Claymore, ETF, Global Solar Index, Solar Stocks Performance, solarstocks, TAN
posted by Ertai at
2:51 PM
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1 comment(s)
Labels: ETF, FSLR, Solar power, SPWR, STP, TAN
posted by Ertai at
10:16 AM
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0 comment(s)
Labels: Claymore, ETF, FSLR, fund, Global Solar Index, LDK, MAC, Q-CELLS AG, solar companies, solar fund, STP, TAN
posted by Ertai at
10:00 AM
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0 comment(s)
