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) stock has been bipolar. After being left for dead in 2012, First Solar's stock price has increased more than 200% from the June 2012 lows. The European budget crisis that led to decreased solar subsidies is now in the rear view mirror but the solar industry is still suffering from chronic oversupply. With the recent pullback, should investors invest in First Solar?
There more »
The biggest challenge for solar power companies has always been to reduce costs and attain sustainable profitability. SunPower (NASDAQ:SPWR) has yet to achieve this goal, but it is making strategic moves to improve its future potential.
SunPower's strategic moves
In late June, President Obama announced his Fresh Climate Change strategy, with a focus on reducing emissions from coal plants. SunPower's stock appreciated approximately 20% over the next more »
Japan is known as the land of the rising sun, and for good reason. The country has some of the best renewable energy feed-in tariffs in the world. Beyond wind and solar, the country is changing other industries. Recently, imports of crude oil and heavy fuel oil have seen a strong boost. Beyond buying the Nikkei, there are many ways for energy investors to invest in Japan.
The Oil Story 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 »
Over the past three months, share outperformance for solar companies has been electrifying; the group is up 85% as compared to S&P 500 rising only 5%. Shares of these companies have been benefiting from improved near-term demand in Europe, Japan and North America, stable module and polysilicon pricing, China’s growing support for domestic solar demand and supply chain consolidation.
However, ahead of the earnings, the question remains: Will more »
There are many similarities between Apple (NASDAQ: AAPL) and the solar industry. Just a few years ago smartphones were talk of the future with a minuscule install base. Apple faced constraints outside of its control, as few wireless networks could handle the bandwidth demands of smartphones. Still, Apple kept pushing forward, and its stock exploded from $100 to $700. The solar industry is actively pursuing a similar path of continued 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 »
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 »
Renewable energy accounts for approximately 16% of total energy consumption. While most of that is provided through biomass and hydroelectricity, there are smaller segments of renewable energy -- such as wind, solar and ethanol. These smaller segments of green forms of energy present a considerable amount of opportunity for investors, who could potentially get in early on a power-producing segment that hasn't fully caught on.
While these stocks pose a 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 »
The stock market was buffeted on Friday by what looked like bad news.
Wholesale prices rose sharply in June on the strength of higher gas prices. The spread between the “world” price of oil, the “Brent North Sea” price, and the U.S. price of oil, the “West Texas Intermediate” price, has been cut to just $4, from about $22 last December.
As gas prices have risen, consumer confidence has more »
Forward thinking European nations like Germany and Spain have paved the way in developing solar power. The problem is that recessions and massive unemployment have a habit of stopping government subsidies. Investor confidence in the Spanish clean energy projects has been destroyed after the government announced it would retroactively cut subsidies. Germany recently stated it would pull the plug on its subsidies by 2018. Now, a number of solar manufacturers 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 »
The embattled Suntech Power Holdings (NYSE: STP) is a giant solar products manufacturing company. Until 2011, the company was the largest solar company in terms of market share listed in the Chinese and the U.S. stock markets. The company’s crystalline silicon photovoltaic (PV) modules production is unmatched by any other company in the industry. The PV modules are known to convert light energy into electricity for industrial, commercial more »
On June 25, President Obama gave orders to issue permits for 10 gigawatts of renewable energy on public land, with the focus on a 200% increase in renewable energy generation by the year 2020. The Defense Department, the largest U.S. energy consumer, also plans to install three gigawatts of renewable energy by 2025, sufficient to supply power to 2.4 million households.
This focus towards installing power plants resulted more »
Pandora Media (NYSE: PNYSE: P)), SunPower (NASDAQ: SPWR), and Yelp (NYSE: YELP) are specific technology plays trending higher in recent days. However, these stocks may be better suited to investors with high risk appetite.
California based Internet radio provider Pandora Media has been upgraded to “outperform” from “market perform” by analysts at Cowen. The broker also increased the price target to $22 from $15 in a major vindication to more »
The extraordinary rally of solar panels manufacturers’ stocks including SunPower (NASDAQ: SPWR) and First Solar (NASDAQ: FSLR) have raised this industry’s profile in recent months. Will the staggering rise in shares of solar companies persist? Is it still a good idea to purchase these stocks?
During 2013 (year to date) shares of solar panel manufacturers spiked: SunPower’s stock sharply increased by more than 272%, First Solar’s shares 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 »
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