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Sailing With The Winds Of Alternative Energy

|Includes:BLDP, CPST, Canadian Solar Inc. (CSIQ), FCEL, PLUG, UEC

Thanks to the overwhelming success of TSLA, Elon Musk's other company SCTY has seen it's stock price significantly increase over the past month.

Technical Analysis

There has been a large amount of volatility in alternative energy stocks. Looking at this chart, these stocks have seen staggering percentage gains in price in the past 5 days. The shake up by Ben Bernanke on Wednesday, cause a nice price drip, but you can already seen as of Friday, these stocks are all trading up again.

Given a large increase in volume of trading, these stocks have the potential in the next days to trade with some tight spreads allowing for a large amount of volatility.

(click to enlarge)Price % Change over 5 daysClick to enlarge

ycharts.com/companies/BLDP/chart#series=type%3Acompany%2Cid%3ABLDP%2Ccalc%3Aprice%2C%2Ctype%3Acompany%2Cid%3ACPST%2Ccalc%3Aprice%2C%2Ctype%3Acompany%2Cid%3ACSIQ%2Ccalc%3Aprice%2C%2Ctype%3Acompany%2Cid%3APLUG%2Ccalc%3Aprice%2C%2Ctype%3Acompany%2Cid%3AYGE%2Ccalc%3Aprice%2C%2Cid%3AFCEL%2Ctype%3Acompany%2Ccalc%3Aprice%2C%2Cid%3ASCTY%2Ctype%3Acompany%2Ccalc%3Aprice%2C%2Cid%3Arsi%2Ctype%3Aindicator%2Ccalc%3A&format=indexed&recessions=false&zoom=5d&startDate=&endDate=

(click to enlarge)Volume % Change over 5 daysClick to enlarge

ycharts.com/companies/BLDP/chart#series=type%3Acompany%2Cid%3ABLDP%2Ccalc%3Avolume%2C%2Ctype%3Acompany%2Cid%3ACPST%2Ccalc%3Avolume%2C%2Ctype%3Acompany%2Cid%3ACSIQ%2Ccalc%3Avolume%2C%2Ctype%3Acompany%2Cid%3APLUG%2Ccalc%3Avolume%2C%2Ctype%3Acompany%2Cid%3AYGE%2Ccalc%3Avolume%2C%2Cid%3AFCEL%2Ctype%3Acompany%2Ccalc%3Avolume%2C%2Cid%3ASCTY%2Ctype%3Acompany%2Ccalc%3Avolume&format=indexed&recessions=false&zoom=5d&startDate=&endDate=

The Wild Card

Elon Musk will make an announcement this week regarding the Telsa Supercharger stations. Given that this news is favorable expect to a see a nice rise in alternative energy stocks. Also PLUG has an earnings call this week.

Options

www.google.com/finance/option_chain

www.google.com/finance/option_chain

Looking at the options chain for SCTY and FCEL people are betting on the price movements, so look for fast moving prices.

The other stocks to include are CSIQ, UEC, CPST, and BLDP. Look for all of them to experience large movement this week on the tailwinds of that big announcement just in time for the summer uptick in power usage.

Disclosure: I am long UEC, CPST, PLUG, BLDP, FCEL.

Stocks: CSIQ, UEC, CPST, PLUG, BLDP, FCEL