Jack Yetiv

Solar Power Plays Look to Grow with Clean Energy Act, Spanish Subsidies

As one can gather from my previous articles on this space, I am quite bullish on solar, and I think all the names mentioned above will benefit.

However, caution is probably in order here since most of the solars have run up between 30-40% in the past 2-3 weeks. These stocks are very volatile and are famous for running hard--and then retreating hard. Given how much the DOW and Nas have climbed recently, these indices may also be due for a breather.

However, on a pullback of 10-20%, several of the solars mentioned above may be good buys. Personally, I think that at a forward PE (against 2008 projected income) of about 100:1, FSLR is overpriced (note what happened to AAPL and GOOG on a minor stumble), and I think other names in this space present equal if not better upside, with lower downside risk. But I know lots of people disagree with me.

Jack Yetiv