The Stockaccumulator

ReneSola: Secondary Offering Pressures Shares

Very nice article. But SOL (Renesola) is the immediate play monday, June 16, 2008 for the better yet similar solar situation explained in the above excellent article. Research SOL, and you will see it is now done with its temporary no reason pullback by US traders, while under accumulation that is picking up by asian institutions/traders (and perhaps europeans, see each evening on the London exchange, it picks up significantly while the US drops the stock the next day). The now old news of SOL ADS's issued is a normal thing when needing immediate capital to purchase equipment needed to build up supply. The demand for SOL products is now huge, and SOL's profit growth has been exponential the last 3 quarters. PE is only 18, and IBD (Investor's business daily) lists SOL as the 4th best company in the world to invest in. SOL's temporary short duration pullback is now over, and current analysts still suggest at least a $40 share price perhaps by late summer, or fall. Asians know SOL as a well known product, and solar panels are appearing all over asian towns and cities on street light posts, etc. Not so with americans and impatient US investors who were previously changing hands with SOL shares, while large Hong Kong, Tiwanese and other asian investors (and likely europeans) were then and now quickly picking up well known headline making SOL shares. Soon the stock will return and go beyond its $29 high, but the shares then be mostly owned throughout asia. The continued asian accumulation will pick up more... excellent opportunity. Compare SOL with other solar plays. Most other solars have no PE (ie., no real profit, or the PE is very high, ie., 50 to 205). SOL with exponential growing profit and only a PE of 18 today, is an unusal immediate opportunity. Study it, and read todays news on SOL.