Q-Cells SE
With the US Markets closed today, we take a look at the biggest European Solar Stock, Q-Cells.
The chart shows this solar stock is still lagging behind the rest of the market, but cheap considering the size of the company, and the fact that Q-Cells SE was/is the single largest producer of solar cells in 2007 according to industry data.
With an annual production of 370 megawatts (MW), this could be the only Solar Stock that is still cheap and a good play for the mid to long term investing.
And one of the most fundamentally solid companies in the Solar Sector.
Q-Cells SE, formerly Q-Cells AG, is a Germany-based company active in the field of photovoltaic. Its core business is the development, production and sale of mono- and polycrystalline, silicon-based solar cells. Its core business segment Solar Cell Production includes monocrystalline cells, comprising Q6M and Q6LM; and polycrystalline cells such as Q5, Q6, Q6LTT, Q6LTT3 and Q6LEP3, among others. The Company also offers a range of thin film modules and is engaged in Project Business.
Labels: Q-CELLS AG, QCE, solar analysis, Solar News, Solar Stocks, Solar Stocks Performance, solarstocks
Solar Stocks Gapping on Pre-Market
Most Solar Stocks are gapping up today on the Pre-Market.
Except the possible start of an upswing short-term rally, with the ETF TAN up 2% on Pre-Market, and other titles such as STP and CSIQ going up almost 3%, 30 minutes before market open.
The Claymore/MAC Global Solar Index (Solar Stock ETF) Chart looks like this:
And some news, regarding the Solar Industry and Oil price correlation:
Solar Players Looking Again Like Leveraged Oil Trades (FSLR, STP, SPWRA, LDK, ENER, TAN, PBW, CSIQ)Investing in solar and alternative energy stocks comes with many risks. We have often referred to many of these companies as being essentially nothing more than very leveraged speculative oil investments because when energy prices are low most forms of alternative energy are not competitive on a cost structure. The drop of $2.62 per barrel to $66.93 in NYMEX WTI Crude is causing havoc in some of the mid-cap and speculative oils stocks. It is also hitting shares of First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. Ltd. (NYSE: STP), SunPower Corporation (NASDAQ: SPWRA), LDK Solar Co.Ltd. (NYSE: LDK), and Energy Conversion Devices, Inc. (NASDAQ: ENER). This is also seen directly in the ETFs of Claymore/MAC Global Solar Energy (NYSE: TAN) and PowerShares WilderHill Clean Energy (NYSE: PBW). Speculative stocks like Canadian Solar Inc. (NASDAQ: CSIQ) look even worse.
Labels: Canadian Solar Inc., Claymore, Crude Oil, CSIQ, FSLR, LDK, PBW, solar ETF, Solar Stocks, Solar Stocks Performance, SPWRA, STP, Suntech Power, TAN
Solar Energy Investments Soar
Some solar news on Cabot.net
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.
SourceLabels: ETF, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, TAN
LDK Solar Co., Ltd.
LDK Solar is up today, around 20%, with the whole solar sector moving along.
This Solar stock has now almost recovered from all its losses, since the beginning of 2009.
LDK and Suntech Power Holdings(NYSE:STP) have been the top performing solar stocks in the last months, keep them in sight but be carefull, volatility goes both ways.
Some recent news on LDK Solar:
Reuters reporting that Jack Lai, CFO of Chinese solar company LDK Solar (NYSE:LDK), said he expects to have low gross margins through the current quarter and into the next as it works to ramp up in-house production of its pricey key raw material.
More news coming soon...
Labels: LDK, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, STP, Suntech Power
Claymore/MAC Global Solar Index, Solar Stocks ETF
Solar stocks have been rallying in the last months.
The solar industry ETF (TAN) is following the solar stocks performance nicely, and volume is picking up this year.
The short and mid-term trend is looking Bullish but expect some corrections in following days. TAN is still in my opinion the best solution if you want to invest in solar technology globally.
Despite being the industry benchmark, it still is quite volatile, and while not as risky as individual solar stocks this solar ETF has doubled it's value in just 3 months, and can tumble just as fast...
Labels: Claymore, Global Solar Index, solar ETF, Solar Stocks Performance, TAN
Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN)
The Solar Energy ETF is recovering nicely in the last few weeks, along with the rest of the solarstocks.
TAN Chart:
Only time will tell if this is the start of a longer term trend, or just a little bounce.
Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP), as an example, doubled in less than two months!
The news regarding new solar subsidies are heating the solar stocks sector again...
Labels: Claymore, ETF, First Solar Inc, Global Solar Index, MAC, Solar Stocks Performance, solarstocks, STP, Suntech Power, TAN
Solar Stocks finish the week higher
Many solar stocks finished this week up, more than 50% from their lows, following the same recovery rally across the markets.
Expect some resistance next week as markets will probably face another short term downward swing. Friday closed mostly neutral so watch out, since the long term trend is still down.
Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN) latest chart:
Labels: Claymore, ETF, Global Solar Index, Solar Stocks Performance, solarstocks, TAN
Fed cuts rates
Fed cut the rates by a quarter point, and the market reacted badly, maybe because it expected a bigger cut. The S&P500 entered free fall as well some of the solar stocks that I track.
Considering the recent stock market losses, the solar sector barely budged with this loss on the indexes. Even with the solar powerhouses like SunTech Power(STP) and SunPower Corp(SPWR) moving down today around 7%, they are still very near record highs and even managed to recover in the After-hours.
Couple of days ago an interesting article mentioning the "
Burgeoning Global Solar Industry" appeared on Seeking Alpha, Palma Research author.
You can check the article here:
SunPower Corp. and the Burgeoning Global Solar IndustryMeanwhile one of the latest solarstock performers has been LDK Solar Co., Ltd.( NYSE:
LDK) up almost 100% since the start of December. While it was one of the industry laggards, this month changes everything about this stock.
LDK 6 month chart:
Labels: LDK, Solar Stocks Performance, SPWR, STP
HOKU Scientific up 33% in the opening
Hoku Scientific shares up 34% in premarket; borrows $185M from Merill LynchBOSTON, Dec. 6, 2007 (Thomson Financial delivered by Newstex) -- Shares of Hoku Scientific (NASDAQ:HOKU) Inc. rallied in premarket trading Thursday after the Kapolei, Hawaii-based materials science company said it will to borrow up to $185 million from Merrill Lynch (NYSE:MER) (OOTC:MERIZ) to build a polysilicon production plant.
The stock rose 34% to $8.87 on volume of 348,444.
money.com full articleLabels: HOKU, Solar Stocks Performance
Solar Stock Charts
First Solar continued upward yesterday, reaching more than 30% in gains for the day, with the whole solar energy industry going contrary to the direction of the general markets that dipped into new month lows.
FSLR closed at $224.43 gaining 34.29% this Thursday.
Other titles such as STP, SPWR, CSIQ or SOLF opened higher following FSLR move, but most of them closed neutral because of the massive sell off in the world markets.
Here is the charts of three of the most negotiated solar energy stocks:
FSLR
STP
SPWR
US Markets are opening lower again today but solar stocks seem to be steady.
While I don't expect the same gains of yesterday, FSLR should hold most of its value.
Labels: FSLR, Solar Stocks, Solar Stocks Performance, SPWR, STP
