InvestBaboo

While the Solar Sector Bottoms in the Near Term, LDK Solar Stands Out

Mr.Schulle correctly called the GE stock tumble way before earnings were due and he was castigated by GE shareholders foe his article. He also correctly called a sell-off in Solar shares this past week. He may be right yet again in calling for a resurgence in solar shares this week and beyond led by value-plays like LDK! Let us hope so because I am a long with a fairly big position in LDK.

A note from market research in the Phoenix, AZ area if you want solar panels installed. Good luck to you if you are a commercial user because in a haste to take advantage of tax credits there has been a mad rush to get solar installed before the credits expire (I believe this month) which supposedly take as much as 30-40% off of the cost of installation. It is somewhat easier to get a residential install (again if you have a good relationship with the solar installer) as residential needs only a few panels. Note -- panels are seriously sold out all over the U.S.! SunPower, a bigger player in the U.S., has informed its distributors it does not have any more panels to supply because of huge demand in Europe.

U.S. Congress is supposed to pick up the debate on the continuation of the energy policy TODAY. It is quite possible (the most likely scenario) that the congress will vote this week to renew tax credits as Bush as urged them to. If that happens expect another boost to the solar rally. If not there is enough demand to power solars on but I am just not sure how big the U.S. market is and how the investors will react.