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Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
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Roen Financial Report
  • Stock Alert – Solar Gainers And Losers 0 comments
    May 3, 2013 1:50 PM | about stocks: PW, AEIS, SPWR, GTAT, STRI

    Five solar stocks announced key updates - three show improved prospects, and two warn of danger.


    Power REIT (NYSEMKT:PW)More Info
    Power REIT will acquire 100 acres of land underlying a 20 megawatt solar array to be developed. The leasee will sell electricity to Pacific Gas & Electric (PG&E) and Southern California Edison (SCE), which should then provide a steady income stream to PW shareholders. The stock price is up 11% for the year, in addition to a yield of 3.9%.Press release
    Advanced Energy Industries (NASDAQ:AEIS)More Info
    AEIS issued a respectable, though mixed, earnings report. Profits were up and net income jumped considerably, but revenues dropped slightly and EPS was down 17% from the previous quarter. Q2 2013 guidance was in line with analyst estimates, which are projected to come in 18%-30% above current levels. The stock had a nice bounce on the news, and is up 34% for the year.Reuters article
    SunPower Corp (NASDAQ:SPWR)More Info
    A positive earnings report caused a jump in SunPower's stock price, up 18% yesterday and 171% for the year. Revenues dropped slightly for the quarter, but were 30% higher than the same quarter one year ago. The company also announced it will supply Verizon with rooftop and ground-mounted PV systems in 6 states.Press release
    GT Advanced Technologies Inc (NASDAQ:GTAT)More Info
    GTAT stock remains battered on a poor earnings report. The stock dropped 5% in one day on large volume, and is down 43% for the year. The company announced it sill stop offering earnings guidance going forward.SolarServer article
    STR Holdings, Inc. (NYSE:STRI)More Info
    Losses continue for STRI, with revenues 30% below the previous quarter, and 64% below the same quarter last year. Profits and net income showed improvement compared to losses of the previous quarter, but still remain negative. STRI stock is down around 90% from its highs in late 2010.Press release

    STOCK ALERT SECTORS

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Solar Stocks: PW, AEIS, SPWR, GTAT, STRI
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