30 March 2008

Clean Tech: Solar Stocks On the Rebound?

Himanshu Pandya over at Seeking Alpha sheds some light on last week's seeming rebound in solar stocks:

"Solar stocks capped a fantastic week with every solar stock except one (WFR) clocking a double digit gain. This seems like the best week solar stocks have had this year but are still far off from where they started in 2008.

"The biggies, First Solar (FSLR), Suntech Power (STP) and Sunpower (SPWR), all made impressive comebacks. I am kicking myself for not buying Suntech Power (STP) when it was in the 30's. I was closely watching it and was hoping to enter Suntech in the high 20’s. Well, before I knew it Suntech goes from 30 to 40 in a week.

"The question is have the Solar Stocks turned a corner here? I don’t have the answer. Do you? Do you see this as an opportunity for a short-term short, or are you planning to go Long?"

The full post, including a larger, interactive version of the graph, is here: SOLAR

(Disclosure: I hold long positions in both FSLR and CSUN. This post is for informational purposes only and is neither intended to be investment advice nor an offer, or the solicitation of any offer, to buy or sell any securities.)