With oil headed higher, solar looks more and more attractive. When oil was at $80/barrel, solar stocks were ripping near all-time highs. Now oil is over $100, and the stocks have been cut in half.
Let’s not forget if them Dems take office, there will be a significant push for alternative energy.
In short, solar may not be done going down, but in my opinion, it is time to start nibbling.
My favorite in the group, in order:
1.) [[FSLR]]
2.) [[WFR]]
3.) [[STP]]
4.) [[SPWR]]
5.) [[CSIQ]] If you enjoy the content at iBankCoin, please follow us on Twitter
I hear what you’re screaming about solar if the Dems get in. Do you have any thoughts on stem cells if the dems get in? It played well when they were getting into congress, maybe the White house will be a re-play.
Tried messing with biotech one time and got my arms blown off.
ragin. any ETFs to play on alternative energy? I’ve seen PBW but it seems to only go with the indices.
I haven’t found a good one yet, I will let you know when I do.
FSLR sold to you at 206
I’ll take it, see you at $1,000
not before 175-180. A break of 201 or so and it may be there in a hurry
true, however I’m taking a longer term view. Find a name and build a position.
Longer term view, these stocks are toast. Solar is all hype, inefficient, can’t survive without government subsidies and those are waning. Germany is cutting their subsidies, Spain demand is down.
You can trade these all you want, but please do not confuse them for any type of solution to the energy problems. The real solution won’t take 10+ years plus a government grant to break even.
solar will make another run in late ’08, mark my words.
FSLR sells for a fairly high multiple of sales. I suspect you will have another opportunity to buy near 100
If you mean run up around the election, I would agree, but i’d be surprised if these current levels (or near them) maintained through summer.