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
Solar Earnings
Earning dates for this month:
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) Aug 18, 2010
Q2 2010 Earnings Release - 9:30AM EDT
Trina Solar Limited (ADR) (NYSE:TSL)Aug 24, 2010
Q2 2010 Earnings Conference Call - 8:00AM EDT
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) Aug 19, 2010
Q2 2010 Yingli Green Energy Holding Company Limited Earnings Release - 9:30AM EDT
Labels: Earnings, Solar Stocks, STP, Suntech Power, Trina Solar, TSL, YGE, Yingli Green Energy Hold
The State of the TAN
More Bearish moves for the solar stocks with TSL, CSIQ, YGE and STP losing more than 5% for the day.
Claymore/MAC Global Solar Index (Solar Stock ETF) is making new lows. Maybe this is the time to start buying?
Labels: Bearish, CSIQ, solar ETF, Solar Stocks, STP, TAN, TSL, YGE
Solar Stocks Plunge
Chinese stocks fell hard on Thursday trailing Asian indices lower. Large cap stocks hold on better than smaller counterparts; the Claymore/AlphaShares Small Cap China ETF (NYSE:HAO) lost three times as much as the large cap proxy, FXI.
Energy, solar stocks weight down indices on stronger dollar and falling oil. Solar stocks dominate the worst performing China ADR universe by noon on Thursday. Suntech Power (NYSE:STP), Solarfun Power (NYSE:SOLF), Canadian Solar (NASDAQ:CSIQ), Yaingli Green Energy (NYSE:YGE) and Trina Solar (NYSE:TSL) make up the worst stocks measured in percentage change on the following screen.
Solar stocks continue the plunge with many Solar Companies dropping more than 10% just for this day.
The Solar Stock ETF quotes: 7.22 -0.54 (-6.96%)
Labels: Bearish, CSIQ, Solar Stocks, SOLF, 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
Yingli Green Energy posts 4th-qtr loss, predicts strong 2010 solar module shipments
Yingli Green Energy Holding Co. (YGE) on Monday said its fourth-quarter results slid to a loss driven by one-time charges, but the solar cell maker predicted 2010 module shipments to nearly double from 2009 levels.
The China-based company posted a quarterly loss of 44.8 million renminbi ($6.6 million), or 0.3 renminbi per American Depository Share (4 cents per ADS), compared with a profit of 82 million, or 0.64 renminbi per ADS, during the same period the prior year.
Excluding special charges, adjusted earnings amounted to 137.5 million renminbi ($20.2 million), or 0.89 renminbi per ADS (13 cents per ADS).
Analysts polled by Thomson Reuters estimated a profit of 14 cents per ADS, on average. Analysts typically exclude one-time items.
Revenue climbed 44 percent to 2.53 billion renminbi ($370.8 million) from 1.76 billion renminbi in the prior-year period. Analysts forecast an average revenue of $326.5 million.
For the full year, the company reported a loss of 459.2 million renminbi ($67.3 million), or 3.31 renminbi per ADS (48 cents per ADS), compared with earnings of 653.8 million renminbi, or 5.05 renminbi per ADS, in 2008. Revenue slid 4 percent to 7.25 billion renminbi ($1.06 billion).
SourceLabels: Earnings, Solar Stocks, YGE, Yingli Green Energy Hold
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
Solar Stocks Bounce Up
The 'Short Solar' News articles continue to pop-up and the more bias the analysts get, the more the markets will probably NOT follow...
I believe it's getting so obvious, in the fundamentals, that we should short solar stocks, that looking to the technical side, that information can be already discounted and the bad news could be the old news...
Today we are getting a little bounce, and considering the negative bias, I would not be admired if the Market started a short-term Bullish Rally.
Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP) Chart looks good for shor-term Bulls. 200 Moving Average as Support, with a nice reversal Hammer candle:
Other solar stocks with the same technical moves: FSLR, YGE, JASO
Labels: First Solar Inc, FSLR, JA Solar Holdings Co., JASO, solar charts, Solar Stocks, STP, Suntech Power, YGE, Yingli Green Energy Hold
Solar Stocks Rally Ending?
Cramer might be getting bullish, but after this latest bullish run, it's expected to see some downturn for solar stocks. Better wait to see if the market does go lower in the following days.
Cramer Touts Yingli (YGE), Suntech (STP) as Plays on China's Hot Solar Sector
On Friday night's Mad Money, Jim Cramer got bullish on several solar stocks, Yingli (NYSE: YGE) and Suntech (NYSE: STP), revising his recent recommendation that First Solar (Nasdaq: FSLR) was the only worthy one from the group. Traders seem to be taking heed to the Cramer call this morning, bidding up shares of both these solar plays. Yingli Green Energy is currently up 3.6% to $15.63, while shares of Suntech are up 0.8% to $20.65.
Cramer attributed his now positive views on the two stocks to China's new solar initiative which subsidizes all solar installations in urban areas by 50%. Cramer believes that Suntech will be involved in "all of the high-profile solar installations" and that Yingli should benefit from its low-cost structure.
Labels: Cramer, First Solar Inc, FSLR, Solar Stocks, STP, Suntech Power, YGE, Yingli Green Energy Hold
Canadian Solar Earnings (CSIQ)
The first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of -$0.13 on revenue of $49.5 million. Analysts had forecast a net EPS loss of -$0.26 on revenue of $54.08 million.
The good news was the promise of a future short-term recovery, with sales recovering from it's low recession numbers, in the last months.
Canadian Solar (CSIQ) is up 23% for today, chart looks like this:
(doubled the price just in the last month)
Other Solar Stocks like SOLF, YGE, TSL and SOL are all above 10%
Labels: Canadian Solar Inc., CSIQ, ReneSola, Solarfun, SOLF, Trina Solar, YGE, Yingli Green Energy Hold
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
