The Stockaccumulator

States’ RPS Mandates Justify Lofty Solar Valuations

Agree with this article. But would strongly suggest SOL (Renesola) as the best solar play by far. Google around and read about this amazing company. You will agree. Check IBD, etc. After SOL's next earnings announcements', SOL will be at least $43.00 per share, likely by late July. Most analysts have a target price of $40.00 or better. The addition of the SOL's new ADR's (today's SOL announcement) will not have any affect of share price of SOL, only its amazing earnings will. The ADR's will help with well needed quick growth. The way the management is placing the new SOL ADR's is in a careful manner that will show little diluted affect, very well planned by the company. This coming quarter's earnings will be outstanding, better than the last. Go to the SOL site (and perhaps google around a bit) for an explanation of all of this... too much to explain here. SOL as with most exponentially growing Chinese companies, by nature and custom (and perhaps by law in China) is very modest in prediction of growth and profit. Hence why last quarter's announcement had such an amazing affect on share price. I have been following SOL for some time. It will be above $110 by this time next year... one has to have patience. The cost of all energy will be very expensive later this year and into 09'. Oil and gas as energy is becoming very expensive. Solar companies are showing multiple quarter after quarter growth in profit that seems amazing, few industries before have shown this kind of growth in history. Similar to when computers were new in the 1990's... IBD's and Bloomberg's computerized and completely unbiased ranking systems (as well as other professional ranking systems) now has many solar companies, and energy exploration companies, in their rank of most profitable and most growing of companies in the world, for now and the near term. SOL is the best of the sector (solar and perhaps energy generally) by far, in profit and growth. Why did I research SOL so much today? Because I decided to buy 25,000 more shares which I will likely do early tommorrow. But anywhere under $25 is an amazing price for SOL, and anywhere under its high of about $29 is also still a very good buy that won't soon last. I would suggest to buy now for the amazing future of this company and sector. It should be noted that asian area investors, Hong Kong, China, Japan, India do not read or care what Morgan Stanley would say or not say. (MS downgraded SOL today, in the face of multiple upgrades and strong buy recommendations of many other brokers, especially brokers located in asia). Asian investors will be buying SOL tonight and each nite while the US is asleep. By next week, SOL will easily creep to $27 per share. If SOL does not reach over $50 share price by July, it certainly will by late August. Most of Asia, Tokyo, Hong Kong, the middle east and much of europe is in plans to put solar panels on every street light for starters, beginning now... by next year, the inexpensive product line of SOL will be required spending in most countries and their governments. SOL is an amazing buy at today's price.