Is the multi-year drag on solar energy stocks over? That is the question being posed on ChartsAndSignals.com by one of our contributors. Many of the PV manufacturer stocks are near all time lows after years of relentless declines. Its almost as if the whole industry was going out of business.
But looking at the earnings of some of the companies we see that they are making money. Better than that, the price/earnings ratios look very attractive, assuming the earnings are real. Just today there was a big win with the Topaz Solar Farm, a $2 billion, 550 megawatt project. This is a big project with a planned output enough to supply energy to 160,000 homes, located in San Luis Obispo County, California. The investor is MidAmerican Energy Holdings, controlled by Berkshire Hathaway.
Here's a list of solar stocks worth watching*: FirstSolar (FSLR), SunTech (STP), Trina Solar (TSL), Yingli (YGE), ReneSola (SOL), JA Solar (JASO).
*Not a recommendation, just a list to research more on.
Thursday, December 8, 2011
Monday, December 5, 2011
This morning there's good news from Europe. France and Germany have agreed on a series of reforms to address the euro zone sovereign debt crisis. The Euro has strengthened against the dollar to 1.34. Markets liked that Angela Merkel said "We need binding debt brakes, which can be verified by the European court of Justice ... in order for the Stability and Growth Pact to hold,".
Still the issue remains that both Germany and France are currently above the Maastricht limit. France has 84.7% debt to GDP and Germany has 82.4%. Both of the two 'fiscal leaders' of Europe have a worse debt to GDP than Spain at 68.1%. They still have a lot to address.
Keep an eye on the dollar index as seen with 'UUP'. The dollar is still in an 'Up Signal' as seen on the weekly charts here:
http://www.chartsandsignals.com/ic-sig2.html
Still the issue remains that both Germany and France are currently above the Maastricht limit. France has 84.7% debt to GDP and Germany has 82.4%. Both of the two 'fiscal leaders' of Europe have a worse debt to GDP than Spain at 68.1%. They still have a lot to address.
Keep an eye on the dollar index as seen with 'UUP'. The dollar is still in an 'Up Signal' as seen on the weekly charts here:
http://www.chartsandsignals.com/ic-sig2.html
Friday, December 2, 2011
Monthly and Weekly Charts Show Reversal Potential on RIG
Transocean Symbol:RIG has the potential for an early reversal indication on all three charts, monthly, weekly and daily. The close after the last week of November will be key. Keep this one on your radar, as a reversal signal with period lows on all three charts could be a nice entry point.
Subscribe to:
Comments (Atom)