This is the third in a series of entries on opportunities in solar stocks, based on a panel at Solar 2009. The the first article introduced the panelists, and took a look at the solar sector as a whole. The second was about First Solar.
Allen Goodman on Solar Millennium (SMLNF.PK)
"Project developers [such as Solar Millennium] stand out because of their ability to have a relationship with the customer."
Peter Lynch on Solar Millennium (SMLNF.PK)
"I liked Solar Millennium before it ran up to $90 last year, I liked it at $90, and I like it today at $16."
Investment Action
Solar Millennium closed on May 15 at $17.75. That's over $16, but a lot lower than $90. If you're looking to buy a solar stock despite the scary market conditions I discussed in the first part of this series, Solar Millennium should be at the top of your list. Since it's a Concentrating Solar Thermal Power (CSP) developer, an exciting technology I recently highlighted for its ability to produce dispatchable power, it's one of the rare developers that has shown it can build real plants (that differentiating factor Allen Goodman spoke of.)
DISCLOSURE: None.
