THREE SOLAR STOCKS TO WATCH
3 Undervalued Solar Energy Stocks Investors Should Buy
John Persinos, October 19, 2015 (The Street)
“…The conventional wisdom is that low oil and gas prices motivate energy consumers to abandon solar power in favor of cheaper fossil fuels…[but] the infrastructure for the solar industry is now so pervasive and entrenched, it has precipitated a ‘price decoupling’ between solar and fossil fuels. Solar and other renewable energies are increasingly part of the energy status quo…Three solar stocks are in the best position to profit from this new pricing dynamic: First Solar (FSLR), SunPower (SPWR), and Canadian Solar (CSIQ)…[These solar stalwarts are] priced at absurdly low valuations right now…[T]he proxy for solar energy stocks, the Market Vectors Solar Energy ETF(KWT), is down 7.27% year-to-date…[but it has been on a multi-year tear and was bound to take a breather. KWT's three-year return stands at an impressive 90.02%, compared to 14.5% for the S&P 500…” click here for more
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