SOME SUN STOCK TIPS FROM THE STREET
Harnessing the Power of Sun Stocks
Kevin Grewal, June 29, 2009 (Smart Stops via The Street)
"As global warming advocates continue to make their mark on the energy sector and energy firms refine and develop more efficient methods of producing clean energy, will solar power be the light at the end of the tunnel?
"As long as crude oil prices remain relatively high and the government pushes for cleaner energy alternatives, forms of renewable energy will continue to remain attractive. What makes solar energy so attractive is the massive push in investment in utility-scale solar projects, the amount of aid President Obama has allocated to solar energy and its use around the globe."
"Investments in utility-scale solar projects are expected to help catapult the industry forward over the next three years…[A]nalysts are anticipating a twelvefold increase in the amount of solar energy in the U.S…President Obama's stimulus package, which includes renewable energy loan guarantees of nearly $18.6 billion, is expected to be delivered in July of 2009.
"From a global perspective, it appears that the trend has already emerged…China is expected to raise billions in private funding to develop more efficient methods of utilizing solar energy."
"…[S]ome stocks to watch…Trina Solar…March low of $5.96 to $23.93 June 25…First Solar…$103.97 in March to $159.48 on June 25…Suntech Power…March low of $5.21 to $18.35 on June 25…Yingli Green Energy…March low of $3.37 to close at $13.24 on June 25…JA Solar…March low of $1.90 to $4.78 on June 25…
"…[T]he energy sector has its ups and downs and involves some risks. To moderate these risks, utilizing an exit strategy is vital…[T]he price levels where the uptrend of the [solar] stocks would be over [are]…Trina Solar at $20.25…First Solar at $152.13…Suntech at $16.27…Yingli at $10.99…JA Solar at $3.92…[L]evels change daily…[U]pdated data is free at SmartStops…"
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