A lot of investors are confused by the downside volatility in recent weeks and green energy stock holders have reason to be doubly concerned, for their shares have taken a hit whether the oil price or the stock market is down; this means recent months have seen tremendous erosion in the market capitalization of major publicly-listed photovoltiac solar energy companies.
Here are some significant companies in the global photovoltaics industry, including purer plays, mixed plays and diversified investments.
Pure PV Plays - photovoltaic solar energy companies
Sunday, October 12, 2008
Top PV Energy Stocks; Investing in best photovoltaic solar power stocks
The most exciting company in the thin film photovoltaic solar energy industry, at 117.45 (down from an ultra-exuberant 317) longterm investors get an opportunity to own a global solar power pioneer at a multiple of just 42.3 times this year's earnings, and less than 20x next year's forecasted earnings, though the market cap is US$9.4 billion. A global economic downturn may also make it easier for FSLR to lock up longer term tellurium supplies at a reasonable cost, ensuring increased profitability for years into the future. Some call FSLR the next Google, and it has a tendency to explode upwards when it makes a move, occasionally rising 30% to 40% in one weeek.
At 33.9 euros, the market cap is about 3.56 billion euros; the shares are off from a high of 102.85. For the world's largest photovoltaic solar energy manufacturer, the valuation seems reasonable enough and institutional and green investors will be stepping into this.
Closing Friday at 21.90, down from 90, the stock trades at an attractive P/E of 16.6. The market capitalization is US3.38 billion.
At 18.14 euros, the shares are off substantially from a year high of 53.19, this fast growing photovoltaic solar energy company offers a PE of about 18 and a market cap of 2.1 billion euros.
China-based manufacturer of silicon wafers provides solar cells to many leading international photovoltaic companies. With a customer list like this, the stock begs research. At 19.06 (down from 75.65), LDK trades at just 7.5 times earnings, with a market cap of only US$2 billion.
This China-based photovoltaic solar power producer has rapidly growing revenues in a market where clean air and water are taking increasing priority. At 6.43 (down from 27), all the air seems to be out of this one; the market capitalization is down to US$1.1 billion. A high risk high potential reward for longterm growth investors. Medium risk investors should look for green energy funds with quality photovoltaic holdings such as the pv stocks mentioned in this PV Intell post. JA Solar could be a household name within a few years ...
At 5.37, up 0.21 on the day but off hugely from a year high of 41.50, YGE exhibits consistently strong revenue growth and is a rising star in both China and abroad. Market cap is about US$682 million.
More Diversified PV Plays - some leverage to solar photovoltaic sales
AMAT at 12.70 yields 1.89% and trades at a PE of 15.29, with a market cap of US$17 billion. The solar photovoltaic sales and potential are partially buried in this successful USA high tech company, but may be spun out to increase value at some future date. AMAT doesn't have the photovoltaic panel sales levels of Sharp and SANYO, but its thin-film solar technology utilized in its SunFab solar power line position AMAT as a serious contender, particularly in the area of building-integrated solar electricity technology.
Diversified Japanese electronics manufacturer makes money from flat panel TVs and from photovoltaic solar panels. At 7.56, down from 19.70, the company is valued at just over $8.3 billion, with a PE of <>
Successful Japan-based electronics firm is also a solar photovoltaic industry heavyweight. At 7.25 the shares are just over half the year high of 14, with a market cap of just US$2.7 billion. The forward PE is listed on Google Finance as 67.92 versus this year's PE of just 15.93, so there must be revenue and/or margin concerns on the horizon.
Diversified Investments incl photovoltaic industry
Diversified electronics and maufacturing company is also a market leader in solar energy, wind power, water purification and other high growth industries. At 21.50 the shares trade at 10x earnings, yield 5.77%, with a mkt cap of US$225.7 billion.
Diversified Japanese electronics, telecommunications, information processing and environmental equipment manufacturer is the world's 5th largest photovoltaic solar power producer (after Q-Cells, Sharp, SunTech and First Solar). With the shares at 55.00, down from 100.78, they now yield 1.95% and trade at a PE of just 10.7, with a market cap of US$10.4 billion.
Powershares WilderHill Clean Energy (PBW) ETF - Green Stocks Exchange Traded Fund, tracks WilderHill Clean Energy Index. At 12.38 the shares are off from a high of 38.10.
Calvert Global Alternative Energy Fund A (CGAEX)
CGAEX invests in USA and global companies whose main business is alternative energy or are involved in the green power industry. At 8.33, the fund holds Vestas, FSLR, Gamesa and other global clean energy industry leaders.
CGAEX invests in USA and global companies whose main business is alternative energy or are involved in the green power industry. At 8.33, the fund holds Vestas, FSLR, Gamesa and other global clean energy industry leaders.
More renewable power investing links:
Wind Energy Stocks, Renewable Power Investing
Solar Power Stocks, Clean Energy Funds
Clean Water Investing, Tidal Energy, Wave Power
Geothermal Power Stocks Investing
Solar Power Stocks, Clean Energy Funds
Clean Water Investing, Tidal Energy, Wave Power
Geothermal Power Stocks Investing
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