Top 10 Fastest-Growing Solar Stocks
Below are the top 10 fastest-growing Solar stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts.
Real Goods Solar, Inc. (NASDAQ:RSOL) is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 40.0%. This number is based on the average estimate of 2 brokerage analyst(s).
Canadian Solar Inc. (NASDAQ:CSIQ) is the 2nd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 35.5%. This number is based on the average estimate of 4 brokerage analyst(s).
ReneSola Ltd. (ADR) (NYSE:SOL) is the 3rd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 29.0%. This number is based on the average estimate of 2 brokerage analyst(s). SunPower Corporation (NASDAQ:SPWRA) is the 4th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 28.5%. This number is based on the average estimate of 6 brokerage analyst(s).
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 5th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 25.0%. This number is based on the average estimate of 4 brokerage analyst(s).
Trina Solar Limited (ADR) (NYSE:TSL) is the 6th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 24.0%. This number is based on the average estimate of 5 brokerage analyst(s).
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 7th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 23.8%. This number is based on the average estimate of 8 brokerage analyst(s).
First Solar, Inc. (NASDAQ:FSLR) is the 8th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.8%. This number is based on the average estimate of 8 brokerage analyst(s).
Evergreen Solar, Inc. (NASDAQ:ESLR) is the 9th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 22.5%. This number is based on the average estimate of 2 brokerage analyst(s).
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 10th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 20.0%. This number is based on the average estimate of 3 brokerage analyst(s).
Source:
China AnalystLabels: CSIQ, ESLR, FSLR, JASO, RSOL, SOL, Solar Stocks, SPWRA, STP, TSL, YGE
Wells Fargo covering Solar Stocks
An analyst at Wells Fargo initiated coverage on a group of stocks in the Solar space earlier today:
ReneSola (NYSE: SOL) with an Outperform rating and a $9.50-$12 valuation range. Calls ReneSola a "big beneficiary of 2010 demand trends," mainly wafer pricing, margins and protection from its OEM segment if the market turns lower. Shares of ReneSola are down more than 5% today, last trading around $7.06.
Solarfun (Nasdaq: SOLF) with an Outperform rating and a $10-$12.50 valuation range. The firm notes that the company has been historically unappreciated, however, "with a new management team and an improving cost structure, we believe SOLF is leaving the penalty box." Wells Fargo argues that Solarfun has "one of the best risk-reward profiles in the group..." The firm expects Solarfun to report FY10 EPS of $0.92. Solarfun shares are one of the few solar stocks holding onto positive territory today, last trading up 0.5% to $8.39.
Yingli Green Energy (NYSE: YGE) with a Market Perform rating and a $11.50-$14.50 valuation range. The firm said it would like to be more positive on Yingli given that the company boasts a "industry-leading cost structure," however, the FY10 outlook looks to be "already among the most optimistic in the group..." Wells Fargo also believes that the recent polysilicon plant adds risk and that the balance sheet needs cleaning-up. The firm is currently looking for Yingli to report FY10 EPS of $0.94. Shares of Yingli are down 3.1% to $11.87.
Canadian Solar (Nasdaq: CSIQ) with a Market Perform rating and a $18-$23 valuation range. Wells Fargo says exchange rate headwinds and firmer input pricing could be issues for Canadian Solar in the first half of this year. "While H2 comparisons and earnings improvement are pluses, revenue growth and margin structure remain in flux, forcing the company to choose between market share and profits." The firm is looking for Canadian Solar to report FY10 EPS of $1.34. CSIQ shares are up 0.3% to $16.90 today.
Suntech (NYSE: STP) with a Market Perform rating and a $11-$14 valuation range. Wells says "Suntech has one of the best brands in the industry, but we believe the company needs to revamp its cost structure and improve corporate governance, notably its relationship with Global Solar Fund (GSF); Suntech has a high ownership stake in this entity but does not consolidate results. Valuation of 17x 2010E EPS vs. the peer group near 15x leaves little room for stock appreciation, in our view." Shares of Suntech are down 3.2% to $12.62 today.
Source: streetinsider.com
Labels: CSIQ, SOL, solar analysis, Solar Stocks, SOLF, STP, YGE
Chinese solar stocks shine
Seven out of the eight U.S. listed Chinese stocks made it to the overbought screen Thursday morning. Gains for the sector look limited from here as LDK Solar (NYSE:LDK), ReneSola Ltd. (NYSE:SOL) and Solarfun Power (NASDAQ:SOLF) have approached theoretical highs. Suntech Power (NYSE:STP), Trina Solar (NYSE:TSL) look better from a technical point of view but again, advance of Canadian Solar (NASDAQ:CSIQ) and China Sunergy (NASDAQ:CSUN) look excessive compared to the rest of the sector.
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Back to solar stocks: high oil price helps alternative energy plays such as solar, wind and hydro power. Solar stocks look good based on fundamentals as well after hitting a bottom in the middle of 2009. Shipments have dramatically increased while margins have stabilized. JA Solar (NASDAQ:JASO) has just raised 2010 Q1 shipment guidance. Four solar stocks out of the total eight reported revenue and earnings growth for the last quarterer of 2009.
Continue
readingLabels: China, China Sunenergy, CSUN, LDK, ReneSola, SOL, Solar Stocks, STP, Suntech Power
Zacks Analyst Blog Highlights
First Solar Inc., Southern Company, Suntech Power Holdings Company Ltd., SunPower Corporation and ReneSola LtdFirst Solar Sells Project
First Solar Inc. (FSLR - Analyst Report) has sold a 30 megawatt (AC) photovoltaic solar power project to Southern Company (SO - Analyst Report) and Turner Renewable Energy.
The Cimarron I photovoltaic solar power project is adjacent to the Vermejo Park Ranch in northern New Mexico . First Solar is developing the project and is providing engineering, procurement and construction (EPC) services.
First Solar will also provide operation and maintenance services under a 25-year contract. The facility will supply power to approximately 9,000 homes, or 18,000 residents, and displace over 45,000 tons of carbon dioxide per year.
Construction of the solar array will begin in March, with completion and commercial operation expected by year-end 2010. It will consist of approximately 0.5 million photovoltaic modules constructed with First Solar's patented thin film semiconductor technology.
Turner Renewable Energy is wholly owned by the media magnate Ted Turner.
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First Solar enjoys a distinct cost advantage over its peers due to its reliance on low cost thin-film cells. However, the advantage is ebbing fast due to falling polysilicon prices. First Solar’s growth potential and that of the solar industry in the aggregate requires a prudent long-term focus on technological enhancements, capacity build-out and cost minimization. Balancing all three aspects would be an uphill task.
Competition in the industry is becoming tougher by the day for U.S. solar players such as First Solar, who has a huge German exposure in its top line compared to its counterparts such as Suntech Power Holdings Company Ltd. (STP - Analyst Report), SunPower Corporation (SPWRA - Snapshot Report) and ReneSola Ltd. (SOL - Analyst Report), whose markets are more diversified.
SourceLabels: First Solar Inc, FSLR, ReneSola, SOL, Solar Stocks, SPWRA, STP, SunPower Corp, Suntech Power
Top 10 Fastest-Growing Solar Stocks: SOLR, FSLR, YGE, RSOL, SOL, STP, ENER, SPWRA, JASO, TSL
Below are the top 10 fastest-growing Solar stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts. Five Chinese companies are on the list.
GT Solar International, Inc. (NASDAQ:SOLR) is the 1st fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 33.3%. This number is based on the average estimate of 3 brokerage analyst(s).
First Solar, Inc. (NASDAQ:FSLR) is the 2nd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 31.3%. This number is based on the average estimate of 12 brokerage analyst(s).
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 3rd fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 30.3%. This number is based on the average estimate of 6 brokerage analyst(s).
Real Goods Solar, Inc. (NASDAQ:RSOL) is the 4th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 30.0%. This number is based on the average estimate of 1 brokerage analyst(s).
ReneSola Ltd. (ADR) (NYSE:SOL) is the 5th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 29.0%. This number is based on the average estimate of 2 brokerage analyst(s).
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 6th fastest-growing stock in this segment of the market. Its long-term annual EPS growth is expected to be 26.5%. This number is based on the average estimate of 9 brokerage analyst(s).
Continue readingLabels: FSLR, RSOL, SOL, Solar Stocks, SOLR, STP, YGE
Big Green Day for Solars
SolarFun, JASO Solar Holdings and ReneSola are all having big moves today.
Only now it seems that solar stocks are following the Crude Oil price movement that is reaching new relative highs this week.
Today's chart, ReneSola Ltd. (SOL), shows a new high for the last 3 months. The stock looks bullish from short to long term, as many others in the solar industry sector.
Labels: Crude Oil, JASO, ReneSola, SOL, Solar Stocks, SOLF
Zacks Analyst Blog Highlights: FSLR, STP, SOL
First Solar Inc. (FSLR) has become the first photovoltaic (PV) company to manufacture and ship more than 1GW of its PV solar modules in fiscal 2009. As the world’s largest solar module manufacturer, First Solar has increased its manufacturing capacity from approximately 75MW per year at the beginning of 2007 to more than 1GW.
Earlier also First Solar has consistently lowered the cost of manufacturing solar modules. It was the first solar company to break the $1 per watt barrier in early 2009.
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First Solar enjoys a distinct cost advantage over its peers due its reliance on low cost thin-film cells. However, the advantage is ebbing fast due to falling polysilicon prices. First Solar’s growth potential and that of the solar industry in the aggregate requires a prudent long-term focus on technological enhancements, capacity build-out and cost minimization. Balancing all the three aspects would be an uphill task.
Competition in the field is becoming tougher by the day for U.S. solar players such as First Solar, who have a huge German exposure in their top line compared to Chinese counterparts such as Suntech Power Holdings Company Ltd (STP) and ReneSola Ltd (SOL), both of whom mainly thrive in their domestic market. Solar subsidies in Germany are falling fast, and First Solar is actively scouting for new markets for its products. We maintain our market Neutral recommendation on the shares.
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SourceLabels: First Solar Inc, FSLR, ReneSola, SOL, Solar Stocks, STP, Suntech Power
Barclays's take on solarstocks
Barclays Bullish on YGE and JASO, Says Take Profits on CSIQ and SOLFBy Chip Brian, SmarTrend Analytics Team
At the Intersolar trade show in Munich, Germany, Barclays Capital said key themes included the resumption of seasonality in demand, depletion of channel inventory, and that global solar shipments are tracking to the firm's 25% year-over-year decline forecast with potential upside from improved project financing programs. Barclays maintains its selective bias toward the Chinese solar companies it currently rates "Overweight" - Yingli Green Energy (NYSE:YGE) and JA Solar (NASDAQ:JASO). The firm recommends staying on the sidelines on China Sunergy (NASDAQ:CSUN), LDK Solar (NYSE:LDK) and Renesola (NYSE:SOL). Barclays suggested taking profits on Canadian Solar (NASDAQ:CSIQ) and Solarfun Power (NASDAQ:SOLF). Barclays also noted that First Solar's (NASDAQ:FSLR) analyst day on June 24 is a potential catalyst.
SourceLabels: Canadian Solar Inc., China Sunenergy, CSIQ, CSUN, First Solar Inc, FSLR, JA Solar Holdings Co., JASO, LDK, ReneSola, SOL, Solar Stocks, Solarfun, solarstocks, SOLF, YGE
Solar Stocks Recover
Solar Stocks are recovering from their lows, with record moves up in titles like SunPower Corporation (SPWRA), SolarFun (SOLF) or JA Solar(JASO).
More updates soon
First Solar (Nasdaq: FSLR) up 16.5% to $108.36. Notably, shares of First Solar were down more than 50% in November prior to Friday's rally.
SunPower (Nasdaq: SPWRA) up 30% to $26.75. The stock is one of the best performing solars today as it has been beaten down the most in November -- SunPower has fallen more than 62%.
JA Solar (Nasdaq: JASO) up 36% to $2.86
Solarfun (Nasdaq: SOLF) up 24.6% to $4.05
Canadian Solar (Nasdaq: CSIQ) up 13.3% to $4.60
ReneSola (NYSE: SOL) up 13.6% to $2.67
LDK Solar (NYSE: LDK) up 10.7% to $12.20
Trina Solar (NYSE: TSL) up 22.8% to $7.81
StreetInsider.comLabels: Canadian Solar, CSIQ, FSLR, JASO, LDK, SOL, solarstocks, SOLF, SPWR, SunPower Corp, TSL
SolarStocks list and Renesola updates
I've found in China Analyst Blog, a nice spreadsheet with plenty information on solarstocks trading in the US markets.
China Analyst: SolarAnd some news regarding ReneSola (NYSE:
SOL):
ReneSola to sell 9 mln ADS at $20.50/ADS in follow-on IPO on NYSE LONDON (Thomson Financial) - Chinese solar wafer manufacturer ReneSola Ltd. said it is to sell a further 9 million American Depositary Shares, each representing two shares of the company, at $20.50 per ADS as part of its follow-on IPO on the New York Stock Exchange.
The company first announced details of the IPO in January 2008, where it placed a total of 10 million ADSs at $13.00 each.
In a statement Wednesday, it said 8.58 million ADSs in today's offering represent new shares being issued by ReneSola.
Yesterday's close of ReneSola (SOL) chart:
Labels: ReneSola, SOL, solar companies, solarstocks
