Sunny Money: Solar Stocks Performance Review
The only thing hotter than the sun in 2013 have been the prices of solar stocks. Since the first of the year the MAC Global Solar Energy Index is up over a whopping 80%. By comparison, in this same period of time the S&P 500 Index has returned a respectable 13.8%.
So what’s going on in the solar industry to drive more »
SolarCity (NASDAQ: SCTY) is one hot company. The company counts super entrepreneur Elon Musk as its chairman. Lyndon Rive, an Elon Musk cousin, is the CEO. SolarCity shares have rallied over 300% since the IPO. Given the recent pullback, is SolarCity a good investment?
A great business model
SolarCity installs solar panels on rooftops and finances them. The company often owns the installed solar panels and sells electricity generated back more »
First Solar (NASDAQ: FSLR) was punished heavily last week after it announced less than desirable earnings for the last quarter. In the quarter, the company earned 39 cents per share; whereas, the analysts were looking for 52 cents per share. Furthermore, the company generated $519 million in revenues and the analysts were looking for $720 million in revenues. As a result, the company shaved off nearly 20% from its market more »
A couple months back, I was looking to add a solar-power company to my portfolio. In my decision making process I wanted to limit my exposure to the price of solar panels and to the constraints of net metering. With those two conditions in mind, I choose SolarCity (NASDAQ: SCTY).
SolarCity is the leading solar provider in the US for homeowners, businesses and government organizations. It provides full-service solar power more »
Fracking and horizontal drilling, despite being around for half a century and one decade respectively, have taken center stage in economic and political discourse over the past several months.
The use of these two oil drilling technologies has facilitated successful shale plays in North Dakota and other oil rich areas in the U.S. In view of this, U.S oil production is expected to boom and analysts, doing what more »
Shares of Tesla Motors (NASDAQ: TSLA) fell about 14% last Tuesday, July 16, after a Goldman Sach's analyst released a memo outlining a price target of $84, considerably less than the $126 at which the stock opened the day.
It didn't surprise me that Tesla's share price largely bounced back the next day (and it continues to recover), for two reasons:
The market often over-reacts
Tesla's more »
The sun has many shades, and solar companies come in different colors. Some companies make money by producing electricity from solar resources and then selling it to third parties. It's a "utility-like" form of business. That's the core business of First Solar (NASDAQ: FSLR), for instance. According to the company's statements, its objective is to "reduce the cost of solar electricity to levels that compete on a more »
The price per watt for photo voltaic panels fell from $3.80/watt in 2008 to $.86/watt in 2012. This tremendous reduction in price has spurred consumers to jump into the electric generation business, in theory making them competitors to their own utility company.
New kids on the block
In the up and coming generation there hasn’t been an Einstein, a Benjamin Franklin, or a Nikola Tesla that has really stood out. No one comes to mind who is tackling the fundamental challenges facing society and doing it with style, ease, and confidence. There hasn’t been a Rockefeller, a Stanford, or a Mellon who looks at the world's needs and addresses them...until now.
It’s more »
In two previous articles, I’ve examined how financial institutions and big data companies like Apple and Google are working with solar power. This, the third article in the series, examines how the U.S. military, the largest consumer or oil and energy in the world, is incorporating solar power into their various operations.
According to 10 USC § 2911, the Department of Defense is required to produce or more »
The solar market is exploding. Both the major U.S. players, SunPower (NASDAQ: SPWR) and First Solar (NASDAQ: FSLR) have seen huge jumps in value over the last year – over 500% in the case of SunPower, over 250% for First Solar.
SolarCity (NASDAQ: SCTY), which only debuted in December, is also up nearly 250%.
All this is happening in the absence of real results. SunPower is not more »
SolarCity (NASDAQ: SCTY) and Tesla Motors (NASDAQ: TSLA) are the two darlings of Elon Musk. On the face of it, these two companies are very different. The former leases solar panels while the latter is an electric vehicle (EV) company. But when you dig deep into the core method of operations, you're likely to find two striking similarities in the core operations of both companies.
If this method of more »
Stocks of solar energy companies have delivered an outstanding performance over the past year. Just take a quick look at the chart for the Market Vectors Solar Energy ETF (KWT).
Since November 2012, the ETF jumped from $25 to around $50 today, a 100% gain in roughly eight months. That's quite a phenomenal performance. But the hidden gem belongs to a young company with a market cap of only more »
Elon Musk is out to save the planet and humanity. Two of his businesses, Tesla Motors (TSLA) and Solar City (SCTY), are well on their way to helping Elon accomplish those lofty goals. The third, Space X (SPACEX), a multimillion dollar space exploration program is one of his boyhood dreams come true. All three businesses have been making shareholders giddy with joy as their stock prices continue to climb. For more »
Many investors want to invest in companies that affirm their personal moral values. Solar energy makes investors feel good because not only can they make money, but they can also save the planet. But investors need to be aware of one thing before investing in solar: not all solar companies are created equal.
The irrelevant solar investment
I must confess my bias before I continue. A big proponent of renewable energy, I’m eagerly awaiting the installation of solar panels on my home in the coming weeks. A project, which will ease the burden of paying a large utility bill each month and will ease the anxiety I feel every time I notice the whirring electric meter attached to our house.
Chase's first time in the more »
Shares of PowerSecure International (NYSE: POWR) have taken investors on a fantastic ride this year. The Wake Forest, N.C.-based company has gone from lows near $4 per share in August to current highs near $16 per share. This remarkable run surely leaves investors wondering if now would be a good time to get out.
A record quarter
PowerSecure is coming off of a record first quarter. Here are more »
A couple of recent energy reports claimed that the global energy demand will increase between 6%-8% annually for the next 10 years. With the rising environmental concerns and depleting hydrocarbon reserves, however, the demand for clean energy is growing rapidly. According to a report by the International Energy Agency, renewable energy will become the world’s second largest source of energy by 2016, after coal.
This leads me to more »
SolarCity (NASDAQ: SCTY) has been a stock market darling since its IPO late last year, and early investors have nearly tripled their money.
They have been a darling because they have been on the right side of the solar transaction. By selling panels, creating demand for them, companies like SolarCity get the wide margins available before the costs of solar power fall below those of other grid energy.
Still, as more »
Could the most popular electric car company in the world and the biggest tech company in the world enter into a powerhouse marriage? That has been the recent rumors circulating around the internet about a coming day when Tesla Motors (NASDAQ: TSLA) and Google (NASDAQ: GOOG) might join forces and create high-tech, clean cars. Although Tesla CEO Elon Musk strongly denies these rumors because he desires to turn Tesla into more »
- Page 1 of 4