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Solar stocks rally hard for the second straight day. In addition to short-covering, shares could...

Solar stocks rally hard for the second straight day. In addition to short-covering, shares could be getting a lift from an IHS report predicting German solar demand will rebound in October and November, ahead of a January subsidy cut. STP +15.1%. YGE +12.5%. JASO +8.2%. LDK +6.1%. FSLR +5.5%. TSL +6.6%. (yesterday)
Comments (2)
  • moreofthesame
    , contributor
    Comments (743) | Send Message
     
    To all the solar opponents, the germans wouldn't do it unless it made sense to them. No other country producing more logical people than germany, solar has a bright future ahead in the next several years.
    Stocks up 300% shouldn't be surprising.
    5 Oct 2011, 03:11 PM Reply Like
  • minchung113
    , contributor
    Comment (1) | Send Message
     
    Yesterday, Oct 4, FSLR spiked 9.27% to a high of 63.27 and closed near its open, this jump was not based on any bullish news. Today, FSLR spikes approx 10% to $63.25 and finishes in the green territory. Are these spikes occuring because even the bears believe FSLR has hit a bottom and are covering their shorts? Based on a trailing PE of 10x and forward PE of 6x, I'm convinced FSLR is a buy at this point and I'm not alone in this view. Standard and Poors rates FSLR as a buy giving it 4 out of 5 stars.
    6 Oct 2011, 04:57 AM Reply Like
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