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.
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