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Technical Analysis, Momentum Trading — iBankCoin

SOL: A Recycled Solar Burrito

by RaginCajun on March 9th, 2008 at 3:00 pm

(SOL: 2.21 0.00%) Price 9.15

We have a bunch of solar companies reporting in the next few weeks so I decided to do a little research and find the best opportunity, should the group catch fire.

ReneSolar (SOL: 2.21 0.00%), (LDK: 9.95 0.00%) & (WFR: 10.45 0.00%) all manufacture solar wafers for solar modules. However, ReneSolar recycles silicon and supplies the product at discount prices, thus creating higher margins to its customers (JA Solar, Solarfun, & Suntech Power).

With (JASO: 1.80 0.00%) reporting on Wednesday, I will be watching (SOL: 2.21 0.00%). With good volume, this one could make a run.

Here are a few facts:

  1. Trades on the London Exchange, and now trades on the NYSE as an ADR.
  2. When comparing P/E ratios, it is the cheapest.
  3. The stock has a small float of 10 mill, and can get moving quickly.
  4. Company reports on March 19th
  5. Video on SOL

Just something to watch.

2 Responses to “SOL: A Recycled Solar Burrito”

  1. FerrariF50 Says:

    RUN!!! With FSLR getting it’s legs chopped off, I shorted SPWR heavy. Hope you got out.

  2. Stock Picks and Discussion at iBankCoin.com » Blog Archive » SOL out of Control Says:

    [...] I gave this to you @ $9.15, no thanks needed. [...]

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