Solar Investing

On December 07, 2007 in Solar News

There have been some interesting news articles regarding solar related stock prices in the past few days. I took a look at them and had some thoughts to share.

To start:

“Solar-product stocks rose Friday as analysts upgraded shares and lifted profit estimates for companies on expectations of more polysilicon supplies and strong demand next year.

Investors were also encouraged by news that the House of Representatives passed a long-awaited energy bill Thursday evening, although analysts noted that its implementation is far from guaranteed. The Senate has yet to approve the bill, and President Bush has threatened a veto if it is passed as it now stands.

Banc of America Securities analyst Eric Brown upgraded Yingli Green Energy Holding Co. to “Buy” from “Neutral,” based largely on stock value. However, he also said lower silicon prices, combined with the company’s low-cost structure, will help earnings next year.”

Full article: Solar-Product Stocks Gain from chron.com

The bill they are referring to is the same “Energy Bill” blocked by the Senate. As the article says, the bill made it through the House of Representatives despite the veto threat from Bush, but stalled out in the Senate today, needing only 7 more votes to pass.

“The centerpiece of the bill is a requirement that passenger vehicles sold in the United States achieve a fleet average of 35 miles per gallon by 2020, the first significant increase in mileage standards since 1975.“

Sounds good to me, but 35 miles per gallon still sucks. My girlfriend’s bone stock Toyota Corolla 4dr gets that even in city traffic.

Back on track though, here is an article about First Solar Shares Sliding. Apparently they fell more than 6% on Tuesday. They are hoping to bring it back up though by breaking into the US market, apparently starting with the acquisition of Turner Renewable Energy LLC last week. Keeping my eye on this one.

On the other side of things, it would make sense to expect Trina Solar stock prices to rise, after they announced Wednesday that they has signed a development agreement with a Chinese municipality for a polysilicon production facility, set to be completed by 2012.

Again though, to change directions, here is an article about Solar Cell Maker Shares Slipping. This seems to be a result of an analyst ‘predicting’ that the energy bill referenced above was not going to pass.

It is very interesting to see how the prices rise and fall day to day. Hopefully this info helped someone out with their portfolio

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