Seeking Alpha

InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • The Time Is Right For Solar Stocks 0 comments
    Oct 18, 2011 2:07 PM | about stocks: FSLR, SPWR, TSL, GS
    The solar industry may be near a major pivot low and nearing a turnaround. After months of sharp downward pressure on stock prices, solar players like First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWRA) and Trina Solar Limited (ADR) (NYSE:TSL)  are seeing buyers return. This reversal is being linked to positive comments from a Goldman Sachs Group, Inc. (NYSE:GS)  analysts. While the price target was cut from $150 per share, a six month price target was given at $90. The comments from this analyst go to the ideal that the strongest solar players will survive. First Solar is one of them.

    The idea of solar stocks being a good long term buy is not surprising. While margins have collapsed dramatically over the last year, stock prices have fallen faster. First Solar dropped from a high of $175.45 in 2011 to a recent low of $52.32. This is a decline of 70%. For those with a longer term outlook, for those that believe the strong will survive the flush out and margins will resume, the best of breed solar stocks are a obvious choice at current valuations. If the Goldman Sachs analysts is anywhere close, this could be the swing trade of the year. This Chief Market Strategist agrees.

    Gareth Soloway

    Stocks: FSLR, SPWR, TSL, GS
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.