Many traders and short sellers have loved targeting solar power and other alternative energy stocks. What is interesting is that the bets against these companies did not show a larger increase since many of them have been under pressure from falling energy and commodities prices. As you will see below, there was only one company with a significant rise of these alternative energy stocks.
For months we have been under the potential disaster scenario where solar tax credits were going to expire and end at the end of 2008. Despite the calls for energy independence and a move away from foreign oil, many believed that Congress would not renew the tax credits that are helping to foster domestic use of solar power. It seems that Congress may have realized how silly this expiration would have been and how much answering they might have had to come up with if it happened. The Senate has passed a bill that provides more than $17 billion in...
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The market stayed pretty much flat, as the Congress continued to discuss with Secretary Paulson and Chairman Bernanke on the “bailout” plan. It seems many traders/investors are staying on the sideline, watching the Congressional testimony over the plan, anticipating any new developments. GS jumped $10, to $135, yesterday after the [...]
The first news item is for show, the second news item is for dough - this has been the worst stock we've held (biggest loss) but I have not sold it off unlike most of our losers because I am convicted at some point investors will realize the tremendous earnings power in the model in the coming 2 years. I've just been wrong for a year now waiting for that time. (much of which we can thank management and their "surprises" for) Sadly the stock still trades at under 10x 2008 earnings for >100%+ growth. Trina Solar to Power North America's Largest Single Rooftop Installation Trina Solar today announced that shipments began this month to provide more than 13,400 solar PV modules to power the Atlantic City Convention Center ("ACCC"). This supply comes as part of a[More...]
Energy & Capital editor Nick Hodge discusses some of the best solar stocks and reveals the forces that will propel the sector forward in coming months.
A couple of thoughts on some stocks that are possibly making moves here.
1. The Dry Bulk stocks are acting like crap and I was obviously early on EXM. In fact, I’ve lost my buy signal. It is now a value stock. Due you due diligence on TBSI, DRYS, EXM, GNK. This may be related to [...]
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