Seeing Value in Solar Stocks

Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

HEARD IN ASIA Sun Hasn't Set On Solar Shares In U.S. and Asia [Wall Street Journal]

Summary: Solar energy companies listed in the U.S. and Asia are still trading as much as 50% off their highs from earlier this year. Some analysts, such as those at Citigroup, see an opportunity and point out the 20%-30% expected annual growth rates over the next few years, in spite of falling oil prices, which alternative energy stocks have historically been closely correlated with. Although solar-generated power makes up less than 0.1% of global power supply, it is seen booming as countries subsidize and incentivize renewable energy sources to reduce dependence on heavy polluting fossil fuels. Subsidies will make solar power more cost-effective, and supporters counter critics who say subsidies mask the financial troubles of the industry by pointing out many energy companies are subsidy recipients.
Related links: Citigroup: Solar Power Looks Hot • Another Solar Power IPO: Canadian Solar To Try Its Luck on the NASDAQ • The Long Case for Solar Powered SunPower • Investment Thesis: Clean Energy ETF • Sharp to Supply Solar Panels for "Googleplex" • Despite Missed Estimates, Evergreen Solar's Negatives Already Priced In • Solar Power Research: Energy Conversion and SunPower are Buys, Evergreen a Hold • Solar Stocks Don't Necessary Rebound With Oil: The Short Case on SunPower • Solar Energy's Long Term Appeal • Seeking Alpha's Alternative Energy Sector
Potentially impacted stocks and ETFs: Kyocera (KYO), Sharp (SHCAY.PK), Suntech Power Hldgs (STP), Evergreen Solar (ESLR), SunPower (SPWR), Energy Conversion Devices (ENER), DayStar Technologies (DSTI), PowerShares WilderHill Clean Energy ETF (PBW), Companies mentioned not traded in the U.S. include: Motech Industries, E-Ton Solar, Sino-American Silicon Products and Sysgration Ltd of Taiwan, and Hong Kong-listed China Solar Energy Holdings

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