Seeking Alpha

Solar stocks jump following SolarCity, Yingli news

  • SolarCity has announced plans to build a 1GW+ module plant in NY, and to follow it up with one or more much larger facilities. Notably, the company declares (in spite of a current capacity glut) it needs to build the plants to meet long-term solar demand.
  • Yingli missed Q1 estimates, but reported a healthy gross margin (thanks in part to strong Japanese sales) and reiterated full-year guidance.
  • Also: Goldman is out with a bullish note, predicting rooftop solar installations will post a 40% CAGR through 2016.
  • Gainers: FSLR +2.8%. SPWR +4.2%. SUNE +4.4%. JASO +8.2%. SOL +7.5%. JKS +6.5%. CSIQ +7.4%. DQ +4.2%. ASTI +3.9%. HSOL +6.9%. TSL +5.6%. ENPH +3.5%. CSUN +3.7%. RGSE +11.3% (announced a new Hawaiian deal).
  • SolarCity's plans are a positive for equipment vendors GT Advanced (GTAT +1.5%) and Veeco (VECO +1.6%), each of which has seen its solar orders plummet thanks to the capacity glut.
  • Solar ETFs: KWT, TAN
  • Yesterday: Solar stocks rally; Deutsche upbeat on YieldCo potential
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Comments (13)
  • benitus
    , contributor
    Comments (2519) | Send Message
     
    Time to short FSLR, et al again. The more it rallies, the more money we stand to make, the more it will come back down again, which makes it a good round-trip at least. Just reversed 50% of my positions at $69 and the rest will follow at $70, which is the limit that I'm guessing at the present time, until next results.
    17 Jun 2014, 01:15 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5911) | Send Message
     
    Long (SPWR) and (RGSE). (SCTY) just looks expensive.
    17 Jun 2014, 01:16 PM Reply Like
  • GameKing13
    , contributor
    Comments (506) | Send Message
     
    Is this a fluke for RGSE? Or can we expect a higher trend?
    17 Jun 2014, 02:13 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    I don't think it's a fluke. I believe the stock continues climbing higher from this point on but too many day traders are all over it. Also, the automated curtailment system announced today can bring RGSE more business not only in Hawaii but in the main land, too. RGSE should go abroad and sell this technology. I still believe RGSE gets bought out by one of the bigger players in 2015 or 2016. TAN is a good place to be invested in right now IMO.

     

    -Cheers.
    17 Jun 2014, 02:33 PM Reply Like
  • breastdoc
    , contributor
    Comments (43) | Send Message
     
    benitus, you are making a grave & costly error!! You will see why in the next few weeks of announcements
    17 Jun 2014, 02:33 PM Reply Like
  • breastdoc
    , contributor
    Comments (43) | Send Message
     
    benitus, you are making a grave & costly error! The next few weeks of announcements by FSLR will surprise dramatically!!!
    17 Jun 2014, 02:37 PM Reply Like
  • benitus
    , contributor
    Comments (2519) | Send Message
     
    breastdoc....thanks for the warning. When I short, I don't keep it for the long-haul. I short only for a quick round-trip of usually around $2, as I expect profit-taking to bring it back to $67, before it resumes its upward trend. When is the next results and what kind of announcements are we expecting? Thanks.
    18 Jun 2014, 11:51 AM Reply Like
  • sunwindgeo
    , contributor
    Comments (728) | Send Message
     
    It is the day of the solar collector.
    17 Jun 2014, 04:11 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7485) | Send Message
     
    More supply isn't bullish for the sector
    17 Jun 2014, 04:26 PM Reply Like
  • hneumann
    , contributor
    Comments (632) | Send Message
     
    More supply because of soaring demand is bullish for the sector.
    17 Jun 2014, 05:51 PM Reply Like
  • dtord1
    , contributor
    Comments (3) | Send Message
     
    Looks like you forgot to mention the biggest gainer of them all YGE!! 12.22%
    17 Jun 2014, 09:07 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5911) | Send Message
     
    I think (TSL) is better than (YGE), but (YGE) is a good stock too.
    17 Jun 2014, 11:34 PM Reply Like
  • sunwindgeo
    , contributor
    Comments (728) | Send Message
     
    Regional utility energy supply to grid is ideal for solar collector manufacturers as it demands more base sites and more technology partnerships. +Demand=growth=profit=... growth toward much larger use of solar energy to try to save planet. Win win.
    18 Jun 2014, 07:39 AM Reply Like
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