POINT ROBERTS, WA and DELTA, BC--(Marketwire - March 31, 2008) -
www.RenewableEnergyStocks.com, a leading investor news and research portal
for the renewable energy sector within Investorideas.com, presents a sector
close-up on solar stocks following last week's surge.
Commenting on recent solar stock activity, Brian C. Yerger, Research
Analyst at Jesup & Lamont Securities attributed some of the momentum to
thin film solar company, Ascent Solar Technologies
(
News, Market). Norsk Hydro
ASA increased ownership in ASTI by purchasing an additional 2,341,897
shares with gross proceeds to the company of approximately $28.4 million.
He reports in an audio commentary, "With a weak dollar, foreign companies
may be looking at some of these smaller solar stocks as extremely cheap
investments in terms of future performance."
Hear the full Audio commentary recorded March 28, 2008: Play:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/032808a.mp3
Other factors in the solar stocks spike include earnings from Solarfun
beating estimates and the announcement of the Southern California Edison
(News, Market) 250 megawatt
installation.
Renewable Energy Stocks solar expert J Peter Lynch gives a different spin,
"In my opinion, one of the primary reasons for this solar rally is really
quite simple -- NO MORE SELLERS were left to drive solar stock down any
further." In his recent column he goes on to say, "Last week, seemingly out
of nowhere, solar stocks literally exploded (up over 15% for the week)
catching almost everyone by total surprise. The general market has
recently been in turmoil over the housing crisis, the credit crunch and the
looming fear of an impending recession; not exactly a general market
environment conducive for rallies in any sector. But in spite of this
bleak backdrop the solar sector roared ahead regardless."
In terms of future success in the solar sector he reports he looks for
companies that are "vertically integrated in the traditional silicon
segment, have cost effective thin film products or are in higher margin
areas such as building integrated photovoltaics (BIPV)."
Lux Research forecasts a shakeout in the solar industry, "We project that
the supply of solar modules will exceed demand in 2009, leading to falling
prices and a shake-out among companies that aren't prepared to thrive in
this new environment -- particularly crystalline silicon players that
haven't invested in new thin-film technologies."
Tom Djokovich, CEO of thin film solar company XsunX, Inc. (
OTCBB:
XSNX)
presented,
"Thin film solar technologies offer opportunities to deliver the lower cost
per watt. This is due to lower material costs, and the ability to scale and
automate manufacturing processes. I believe that these are among the
reasons that analysts anticipate greater compounded growth rates for thin
films than other solar technologies."
XsunX, Inc. (
OTCBB:
XSNX) is developing amorphous silicon thin film
photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV
solar modules. XsunX, Inc. (
OTCBB:
XSNX) closed at 0.44 on Friday, up
10.00% on over 460,000 shares.
Showcase Profile:
http://www.investorideas.com/CO/XSNX/Default.asp
Solar Stocks Explode to the Upside:
http://www.investorideas.com/PL/news/033008a.asp
Solar Stocks Sector Close-Up Trading:
Company Name Performance %
Ascent Solar Technologies, Inc. 73.3
Canadian Solar Inc. 21.3
China Sunergy Company Ltd. 4.7
Distributed Energy Systems Corp. 15
DayStar Technologies Inc. 18.4
EMCORE Corporation -14.5
Energy Conversion Devices Inc 12.2
Evergreen Solar, Inc. 8.3
First Solar, Inc. 9.2
JA Solar Holdings Co., Ltd 18
LDK Solar Company Ltd. 20.4
Solarfun Power Holdings Co. 20.3
Spire Corporation 35.7
Sunpower Corporation 7.9
Suntech Power Holdings ADR 18.9
Trina Solar Limited 11.4
MEMC Electronic Materials, Inc. -16
Yingli Green Energy Holding Company Limited 15
Average Performance 3/24/08 to 3/28/08 +15.53
Major Indexes
Dow Jones -2.7
S&P 500 -2.6
NASDAQ -2.8
Investorideas.com and RenewableEnergyStocks.com recently hosted an online
investor conference, March 20, 2008, giving investors free online access to
industry and investing perspective in the greentech sector. Solar companies
Akeena Solar (
NASDAQ:
AKNS), Clear Skies Solar Inc. and XsunX (
OTCBB:
XSNX)
presented in the recent online Greentech Investorideas.com Conference, in
addition to Brian C. Yerger, CFA, Research Analyst at Jesup & Lamont
Securities and solar expert, J.Peter Lynch.
J Peter Lynch's online media presentation for March Online Conference:
http://www.investorideas.com/Forums/Media/Green2/PLynch/default.aspx
Brian C. Yerger:
http://www.investorideas.com/Forums/Media/Green2/BYerger/default.aspx
Akeena Solar:
http://www.investorideas.com/Forums/Media/Green2/akns/default.aspx
Clear Skies Solar Inc:
http://www.investorideas.com/Forums/Media/Green2/cskh/default.aspx
XsunX: (OTCBB: XSNX)
http://www.investorideas.com/Forums/Media/Green2/xsnx/default.aspx
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals
within Investorideas.com and provides investors with stock news, exclusive
articles and financial columnists, audio interviews, investor conferences,
Blogs, and a directory of renewable and solar stocks.
Disclaimer: Our sites do not make recommendations. Nothing on our sites
should be construed as an offer or solicitation to buy or sell products or
securities. We attempt to research thoroughly, but we offer no guarantees
as to the accuracy of information presented. All Information relating to
featured companies is sourced from public documents and/ or the company and
is not the opinion of our web sites. This site is currently compensated by
featured companies, news submissions and online advertising. Disclosure:
XsunX and Clear Skies Solar are featured solar showcase company and
compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
Contact Information: For more information contact:
Dawn Van Zant
800.665.0411
Email: ,