Here are some major clean energy stocks, offering growth stock potential for years to come. They have been doubly hit by the equity markets crunch and the oil price slide, and though they appear to be bloodied, even wounded, many are among the finest publicly-traded companies on earth. A stock down two-thirds needs to triple to get back to where it was, yet for some of these companies sequential revenue growth will continue and others will regain recent levels within a year or two. Everyone is focusing on the oil price and has forgotten the crucial role clean energy plays in reducing global warming. The trend to cleaner, more decentralized power supplies will continue.
Individual investors should only consider investing a small portion of their portfolio in individual stocks, and even then only if you are a higher risk, longer term investor, as part of a widely diversified portfolio including bonds or bond funds and cash assets. If you are a medium risk investor with a longer term horizon, it is much more priudent to look for green energy funds and dollar cost average into positions. Those who have started these plans in the last few months are building sizable positions while the world panics, and they'll be systematically adding to these positions in the months and years ahead. Will you be doing the same, and perhaps most importantly in these low valuation days, are you?
Homework: Twelve Green Energy Stocks to Research, Listed By Market Cap
Renewable Power Companies Share Prices, Month-end November 2008
First Solar FSLR 124.83 10.12B
Vesta Wind ADR VWDRY 14.95 / 8.31B
Calpine Corp CPN 8.96 3.84B
MEMC Electronic Materials WFR 15.02 3.37
SunPower Corporation SPWRA 34.73 2.98B
LDK Solar LDK 15.48 1.75B
Ormat Technologies OR 30.10 1.36B
Suntech Power ADR STP8.54 1.32B
Energy Conversion Devices ENER 27.98 1.28B
American Superconductor AMSC 13.09 566.49M
GT Solar SOLR 3.52 502.88M
Fuel Cell Energy FCE 4.36 299.93M
Market Cap of This Basket of Twelve:
Market Cap of GE: At 17.17 share, 180.21B
Saturday, November 29, 2008
Saturday, November 22, 2008
Spectacular Revenue Growth in Photovoltaic Solar Energy Sector
Share prices as of November 21, 2008
TSL Trina Solar $6.36
Trina Solar recently announced their sensational Q3 numbers, including record revenue and profits. Some highlights:
Trian Solar Limited (TSL.NYSE) released its operating results in the third quarter of 2008 with net income hitting 32.1 million US dollars, up from 17.1 million US dollars in the second quarter this year.
Trina Solar posted 290.7 million US dollars of revenue and 252.7 MW of solar module shipments, increasing 252.1 percent and 213.7 percent on year, respectively.
FSLR First Solar $92.81
First solar reported revenue of 135 million in 2006 and 504 million in 2007, and the quarter ending in September brought in 348 million. Consistently profitable, FSLR is the thin film leader and one thing the bears may not have factored in is management's ability to secure long term raw materials during this lull in the commodity mania.
JASO JA Solar $2.10
Exponential revenue growth; if JASO starts reporting in US dollars more people will take notice.
SPWRA SunPower Corp $20.59
San Jose CA based American solar power company reported 2006 revenue of 236 mil, 2007 produced 775 mil, and the quarter ending in September brought in 377 mil.
YGE Yingli Green Energy ADR $2.89
YGE is another photovoltaic energy stock that would benefit from reporting in US dollars. 100% plus revenue growth.
STP Suntech Power $6.05
The world went in a tizzy over their warning that they were being hurt by a rising US dollar, and the overall panic in capital markets has hit this one from every other angle too. Reported 2006 revenue of 600 mil, did 1.35 bil in '07 and produced 480 mil in a recent quarter.
CSIQ Canadian Solar $4.06
What matters more, the record $252 mil in quarterly revenue (versus year earlier 97.4) and 11 mil in profit (vs. 0.5) for Q3, or the forecast 70 to 85 mil in total Q4 rev? I think management appears to be on top of things and conserving $100 mil in cash plus credit lines may provide merger and acquisition opportunities in early 2009.
TSL Trina Solar $6.36
Trina Solar recently announced their sensational Q3 numbers, including record revenue and profits. Some highlights:
Trian Solar Limited (TSL.NYSE) released its operating results in the third quarter of 2008 with net income hitting 32.1 million US dollars, up from 17.1 million US dollars in the second quarter this year.
Trina Solar posted 290.7 million US dollars of revenue and 252.7 MW of solar module shipments, increasing 252.1 percent and 213.7 percent on year, respectively.
FSLR First Solar $92.81
First solar reported revenue of 135 million in 2006 and 504 million in 2007, and the quarter ending in September brought in 348 million. Consistently profitable, FSLR is the thin film leader and one thing the bears may not have factored in is management's ability to secure long term raw materials during this lull in the commodity mania.
JASO JA Solar $2.10
Exponential revenue growth; if JASO starts reporting in US dollars more people will take notice.
SPWRA SunPower Corp $20.59
San Jose CA based American solar power company reported 2006 revenue of 236 mil, 2007 produced 775 mil, and the quarter ending in September brought in 377 mil.
YGE Yingli Green Energy ADR $2.89
YGE is another photovoltaic energy stock that would benefit from reporting in US dollars. 100% plus revenue growth.
STP Suntech Power $6.05
The world went in a tizzy over their warning that they were being hurt by a rising US dollar, and the overall panic in capital markets has hit this one from every other angle too. Reported 2006 revenue of 600 mil, did 1.35 bil in '07 and produced 480 mil in a recent quarter.
CSIQ Canadian Solar $4.06
What matters more, the record $252 mil in quarterly revenue (versus year earlier 97.4) and 11 mil in profit (vs. 0.5) for Q3, or the forecast 70 to 85 mil in total Q4 rev? I think management appears to be on top of things and conserving $100 mil in cash plus credit lines may provide merger and acquisition opportunities in early 2009.
Wednesday, November 12, 2008
Stock Bargains in the Solar Scrap Heap; PV stocks hit hard
I always caution that I am not publishing buy recommendations but rather suggesting companies that individual and professional investors may want to research further. The oil price shock lessons of the early 70s OPEC crisis are lost on today's media-addicted generation, who repeat their folly in tight cycles. The foolishness of "greed is good" prevails, the manipulation continues, and as the poor get squeezed out at the bottom, the rich begin to load up for the wild ride.
The coming Obama Gravy Train will likely run from next week when the month end rally will start forming, through the tax-loss selling of early December, into the year-end rebalancing and January rebalancing that will shift global capital into equities, then carry on through 2009 before reaching a temporary peak in the spring of 2010; at least that is a scenario that history suggests is plausible.
So who will be the stars of this rally? Some are yet to be known, but you can make a case that clean energy stocks will be among market leaders. Here are some significant solar energy companies that have been hit hard by the twin terrors of falling oil prices and falling stock markets, both of which could easily reverse in the near term.
Joe Trainor
PVintell.com
Solar Energy Stocks Down More Than Two-Thirds
Quotes as of November 12th, 2008
JA Solar JASO
The stock plummeted further today on the quarterly earnings report and 4th quarter forecast, but you'd think investors would have already discounted the $100 million Lehman Brothers writedown.
At $2.38 a share and market cap of $400 mil, eqivalent to about two quarters of revenue, many seem to think this one is terminal, while the problems may well be temporal. An established global customer base leaves them well positioned for any global economic upturn. The stock is down from $27.
Yingli Green Energy YGE
At $4.18 this China-based producer of polysilicon ingots and wafers, PV cells and PV modules now has a market cap of 530 mil, about two quarters of revenue. YGE’s end-products include PV modules and PV systems. The stock is down 90% (from 41.50) but with customers in the USA, Europe and around the world, the future for Yingli may still be bright.
SunPower SPWRA
The stock was smashed mercilesslessly last week after the firm announced its earnings could be adversely affected by a rising US dollar, as if that was an inevitability considering the pristine and prudent state of Washington's finances, and then got caught again in the general correction this week. At 24.72, the shares are down from 144.49, but the market cap of 2.12 bil is valued at almost 3 times last year's revenue and 30 times earnings. San Jose company still has big potential.
LDK Solar LDK
Major supplier of multicrystalline solar wafers to the global photovoltaics energy industry. With the shares at 13.12, down from 75.65, there seems to be a belief that the entire solar electricity sector is down for the count, but here's another view. Even as silicon is eclipsed by thin film, and concentrated photovoltics also enters the fray, each of the 3 generations of solar electric technology will find its own niche and continue to exhibit double digit growth. If the solar electric pie of annual revenue were to grow from ten billion to a hundred billion over the next seven to eight years, there will be room for a wide variety of technologies and management teams. LDK is worth looking into ... they may no longer grow at 300% per year, but that's no longer required.
MEMC Electronic Materials WFR
Silicon wafer producer has diverse customer base and steady revenue growth. How often do you get a chance to buy quality companies like St. Peters, MO-based WFR at 80% off the 52 week high? Perhaps once, maybe twice per decade, and if history repeats as she so often does, then the November 2008 lows for alternative energy stocks will seem like some of the best bargains in the history of growth stock investing. At 15.02 (down from 96) the market cap is 3.37 bil, less than twice last year's revenue.
Q-Cells 555866
At 20.52, the shares are off around 80% from the high of 101.15. High quality German solar power company is major player in silicon photovoltaics.
Energy Conversion Devices ENER
An American tale, a quality diversified technology company with solar photovoltaic and high performance battery products. At 25.92, down almost 70% from high of 83.33.
First Solar FSLR
At 110.06 FSLR stock is off two-thirds from the high of 317. Number one company in top solar power sector: photovoltaic thin-film solar energy.
The coming Obama Gravy Train will likely run from next week when the month end rally will start forming, through the tax-loss selling of early December, into the year-end rebalancing and January rebalancing that will shift global capital into equities, then carry on through 2009 before reaching a temporary peak in the spring of 2010; at least that is a scenario that history suggests is plausible.
So who will be the stars of this rally? Some are yet to be known, but you can make a case that clean energy stocks will be among market leaders. Here are some significant solar energy companies that have been hit hard by the twin terrors of falling oil prices and falling stock markets, both of which could easily reverse in the near term.
Joe Trainor
PVintell.com
Solar Energy Stocks Down More Than Two-Thirds
Quotes as of November 12th, 2008
JA Solar JASO
The stock plummeted further today on the quarterly earnings report and 4th quarter forecast, but you'd think investors would have already discounted the $100 million Lehman Brothers writedown.
At $2.38 a share and market cap of $400 mil, eqivalent to about two quarters of revenue, many seem to think this one is terminal, while the problems may well be temporal. An established global customer base leaves them well positioned for any global economic upturn. The stock is down from $27.
Yingli Green Energy YGE
At $4.18 this China-based producer of polysilicon ingots and wafers, PV cells and PV modules now has a market cap of 530 mil, about two quarters of revenue. YGE’s end-products include PV modules and PV systems. The stock is down 90% (from 41.50) but with customers in the USA, Europe and around the world, the future for Yingli may still be bright.
SunPower SPWRA
The stock was smashed mercilesslessly last week after the firm announced its earnings could be adversely affected by a rising US dollar, as if that was an inevitability considering the pristine and prudent state of Washington's finances, and then got caught again in the general correction this week. At 24.72, the shares are down from 144.49, but the market cap of 2.12 bil is valued at almost 3 times last year's revenue and 30 times earnings. San Jose company still has big potential.
LDK Solar LDK
Major supplier of multicrystalline solar wafers to the global photovoltaics energy industry. With the shares at 13.12, down from 75.65, there seems to be a belief that the entire solar electricity sector is down for the count, but here's another view. Even as silicon is eclipsed by thin film, and concentrated photovoltics also enters the fray, each of the 3 generations of solar electric technology will find its own niche and continue to exhibit double digit growth. If the solar electric pie of annual revenue were to grow from ten billion to a hundred billion over the next seven to eight years, there will be room for a wide variety of technologies and management teams. LDK is worth looking into ... they may no longer grow at 300% per year, but that's no longer required.
MEMC Electronic Materials WFR
Silicon wafer producer has diverse customer base and steady revenue growth. How often do you get a chance to buy quality companies like St. Peters, MO-based WFR at 80% off the 52 week high? Perhaps once, maybe twice per decade, and if history repeats as she so often does, then the November 2008 lows for alternative energy stocks will seem like some of the best bargains in the history of growth stock investing. At 15.02 (down from 96) the market cap is 3.37 bil, less than twice last year's revenue.
Q-Cells 555866
At 20.52, the shares are off around 80% from the high of 101.15. High quality German solar power company is major player in silicon photovoltaics.
Energy Conversion Devices ENER
An American tale, a quality diversified technology company with solar photovoltaic and high performance battery products. At 25.92, down almost 70% from high of 83.33.
First Solar FSLR
At 110.06 FSLR stock is off two-thirds from the high of 317. Number one company in top solar power sector: photovoltaic thin-film solar energy.
Monday, November 10, 2008
Privately-held Solar Photovoltaic Energy Companies Push Technology Forward
Here are some private solar power companies involved in thin-film solar energy, concentrated photovoltaic (CVP) power, nanotechnology and related alternative energy and green power technologies and systems.
Privately-owned Solar Power Companies
Cyrium Technologies
Energy Innovations
GreenVolts
Konarka Technologies
Menova Energy
Morgan Solar
Nanosolar
OptiSolar Inc
SolFocus
SpectroLab
(A Boeing Company)
Privately-owned Solar Power Companies
Cyrium Technologies
Energy Innovations
GreenVolts
Konarka Technologies
Menova Energy
Morgan Solar
Nanosolar
OptiSolar Inc
SolFocus
SpectroLab
(A Boeing Company)
Wednesday, November 5, 2008
Photovoltaic Stocks seem oversold in post-election consolidation
Although thin-film solar energy stocks and other photovoltaic power companies have risen sharply in recent days, today's sell-off reflected the overall profit-taking but was accentuated by the SunPower announcement of a revenue and earnings warning based on the rising US currency.
Here are some solar energy stocks that seem to be a bit oversold, at about 1.45PM on November 5, 2008:
SunPower Corporation SPWRA 38.90 -11.60 (-22.97%)
Q-CELLS AG ORD QCLSF 41.25* -11.75 (-22.17%)
First Solar Inc. FSLR 159.93 -17.59 (-9.91%)
Here are some solar energy stocks that seem to be a bit oversold, at about 1.45PM on November 5, 2008:
SunPower Corporation SPWRA 38.90 -11.60 (-22.97%)
Q-CELLS AG ORD QCLSF 41.25* -11.75 (-22.17%)
First Solar Inc. FSLR 159.93 -17.59 (-9.91%)
Tuesday, October 21, 2008
Top Public Photovoltaic Companies; Manufacturers plus Installers / Integraters and Suppliers
In the world of solar photovoltaic energy companies, there are basically three main types of companies. Here's the breakdown:
A) The solar PV manufacturers
B) The integrators / installers and solar project developers / managers
C) The suppliers to the industry
Let's call the first group the Sell Side, as they seek to sell their solar PV modules and systems to the world, and the 2nd group the Buy Side, as these are among the customers of the photovoltaic solar power manufacturers, and the third group the Supply Side.
Photovoltaic Industry Sell Side - PV Manufacturers
First Solar Inc FSLR
Thin film solar pioneer and global market leader
Q-CELLS QCE
Germany-based solar cell manufacturer is the world's largest solar energy producer.
SunPower Corp SPWRA
San Jose company manufactures and develops and installs solar modules and complete photovoltaic electricity systems.
Suntech Power Hldgs STP
China-based solar power firm designs, develops, manufactures and markets a variety of photovoltaic solar energy cells and modules.
Energy Conversion Devices ENER
Longtime solar energy research firm has developed the competitive Uni-Solar thin film solar power technology and is building a second manufacturing plant.
JA Solar Holdings JASO
China-based manufacturer of high performance photovoltaic solar energy cells.
Yingli Green Energy Holding YGE
Fast growing Chinese solar cell manufacturer may be affected by China's slowdown, but with the ADR shares at just 5.88 (down from 41.50), it's a great time to look into this one.
Evergreen Solar ESLR
USA photovoltaic manufacturer facing some [problems but has $285 mil in cash and a strong order backlog. Also, check out ESLR's lawsuit against Lehman and Barclay's, as reported by the Wall Street Journal.
Solarfun Power Holdings SOLF
Here we go again: Chinese photovoltaic company trades at a PE of just 7.75, with the shares down more than 80% from the high above $40 to today's close of $6.80.
China Sunergy Co (ADR) CSUN
Emerging Chinese solar energy company with rising revenues; based in Nanjibg but exports to the world.
Canadian Solar Inc CSIQ
Another fast-growing Chinese solar photovoltaics system manufacturer, including products for solar bus stop lighting and solar car battery chargers. With the stock at 11.71 (down from 51.80) and a PE of 9.8, definitely worth further research.
Trina Solar Limited (ADR) TSL
Yet one more China solar photovoltaic energy manufacturer, sells its solar modules worldwide, including in Europe. Hit hard by the oil price fall and the liquidity cruch in capital markets, the ADR shares are at 13.95, down from 68.26, and trade at the unheard of PE of 6.59.
ARISE Technologies Corp APV
Ontario-based emerging solar energy company focusing on thin film solar.
Ascent Solar Tech ASTI
ASTI is a development stage company seeking to commercialize flexible photovoltaic modules utilizing technology developed by ITN Energy Systems (ITN).
Photovoltaic Industry Buy Side - Solar Project Developers
(I need more publicly-listed buy-side solar energy companies to follow; any suggestions from readers?)
Akeena Solar Inc. AKNS
California-based Akeena markets, designs and installs systems for residential and commercial customers.
Photovoltaic Industry Supply Side - Suppliers to PV companies
LDK Solar Co Ltd LDK
LDK supplies solar wafers to Q-CELLS and other photovoltaic manufacturers under longterm contracts that are generally take-or-pay; hugely successful firm with rapidly rising revenues.
GT Solar International SOLR
SOLR is a provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic solar power industry.
ReneSola Ltd (ADR) SOL
SOL is a China-based supplier of solar wafers to major photovoltaic industry companies such as SolarFun, JA Solar and Suntech Power.
5N Plus Inc VNP
A Quebec-based refiner and recycler of metals, 5N supplies thin-film solar energy pioneer First Solar (FSLR) with the cadmium telluride, the key to its patents.
Spire Corporation SPIR
SPIR offers turnkey solutions for the solar industry, including manufacturing equipment and full turnkey lines for cell and module production and testing.
A) The solar PV manufacturers
B) The integrators / installers and solar project developers / managers
C) The suppliers to the industry
Let's call the first group the Sell Side, as they seek to sell their solar PV modules and systems to the world, and the 2nd group the Buy Side, as these are among the customers of the photovoltaic solar power manufacturers, and the third group the Supply Side.
Photovoltaic Industry Sell Side - PV Manufacturers
First Solar Inc FSLR
Thin film solar pioneer and global market leader
Q-CELLS QCE
Germany-based solar cell manufacturer is the world's largest solar energy producer.
SunPower Corp SPWRA
San Jose company manufactures and develops and installs solar modules and complete photovoltaic electricity systems.
Suntech Power Hldgs STP
China-based solar power firm designs, develops, manufactures and markets a variety of photovoltaic solar energy cells and modules.
Energy Conversion Devices ENER
Longtime solar energy research firm has developed the competitive Uni-Solar thin film solar power technology and is building a second manufacturing plant.
JA Solar Holdings JASO
China-based manufacturer of high performance photovoltaic solar energy cells.
Yingli Green Energy Holding YGE
Fast growing Chinese solar cell manufacturer may be affected by China's slowdown, but with the ADR shares at just 5.88 (down from 41.50), it's a great time to look into this one.
Evergreen Solar ESLR
USA photovoltaic manufacturer facing some [problems but has $285 mil in cash and a strong order backlog. Also, check out ESLR's lawsuit against Lehman and Barclay's, as reported by the Wall Street Journal.
Solarfun Power Holdings SOLF
Here we go again: Chinese photovoltaic company trades at a PE of just 7.75, with the shares down more than 80% from the high above $40 to today's close of $6.80.
China Sunergy Co (ADR) CSUN
Emerging Chinese solar energy company with rising revenues; based in Nanjibg but exports to the world.
Canadian Solar Inc CSIQ
Another fast-growing Chinese solar photovoltaics system manufacturer, including products for solar bus stop lighting and solar car battery chargers. With the stock at 11.71 (down from 51.80) and a PE of 9.8, definitely worth further research.
Trina Solar Limited (ADR) TSL
Yet one more China solar photovoltaic energy manufacturer, sells its solar modules worldwide, including in Europe. Hit hard by the oil price fall and the liquidity cruch in capital markets, the ADR shares are at 13.95, down from 68.26, and trade at the unheard of PE of 6.59.
ARISE Technologies Corp APV
Ontario-based emerging solar energy company focusing on thin film solar.
Ascent Solar Tech ASTI
ASTI is a development stage company seeking to commercialize flexible photovoltaic modules utilizing technology developed by ITN Energy Systems (ITN).
Photovoltaic Industry Buy Side - Solar Project Developers
(I need more publicly-listed buy-side solar energy companies to follow; any suggestions from readers?)
Akeena Solar Inc. AKNS
California-based Akeena markets, designs and installs systems for residential and commercial customers.
Photovoltaic Industry Supply Side - Suppliers to PV companies
LDK Solar Co Ltd LDK
LDK supplies solar wafers to Q-CELLS and other photovoltaic manufacturers under longterm contracts that are generally take-or-pay; hugely successful firm with rapidly rising revenues.
GT Solar International SOLR
SOLR is a provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic solar power industry.
ReneSola Ltd (ADR) SOL
SOL is a China-based supplier of solar wafers to major photovoltaic industry companies such as SolarFun, JA Solar and Suntech Power.
5N Plus Inc VNP
A Quebec-based refiner and recycler of metals, 5N supplies thin-film solar energy pioneer First Solar (FSLR) with the cadmium telluride, the key to its patents.
Spire Corporation SPIR
SPIR offers turnkey solutions for the solar industry, including manufacturing equipment and full turnkey lines for cell and module production and testing.
Monday, October 13, 2008
Record 1-Day Returns for Photovoltaic stocks; FSLR up 22.6% today
It was a matter of time before the fear and carnage turned to greed and glee, and the green stocks sector exploded upwards today, led by photovoltaic solar energy companies and geothermal power producers.
Photovoltics Gainers
Name Symbol Last Price Change Mkt Cap
Yingli Green Energy YGE 6.90 +1.53 (28.49%) 875.77M
Suntech Power STP 27.70 +5.80 (26.48%) 4.28B
Trina Solar (ADR)TSL 14.49 +2.77 (23.63%) 371.03M
Evergreen Solar ESLR 4.25 +0.81 (23.55%) 699.92M
First Solar FSLR 143.97 +26.52 (22.58%) 11.52B
SunPower Corp SPWRA 52.00 +8.99 (20.90%) 4.46B
Ascent Solar Tech ASTI 4.99 +0.85 (20.53%) 91.97M
Akeena Solar. AKNS 2.88 +0.48 (20.00%) 83.04M
Green Energy Movers
Name Symbol Last Price Change Mkt Cap
Ormat Tech ORA 31.82 +7.73 (32.09%) 1.44B
American Superconductor AMSC 16.23 +3.22 (24.75%) 699.07M
Energy Conversion Devices ENER 44.82 +8.82 (24.50%) 2.05B
Raser Technologies RZ 5.15 +0.52 (11.23%) 293.15M
Photovoltics Gainers
Name Symbol Last Price Change Mkt Cap
Yingli Green Energy YGE 6.90 +1.53 (28.49%) 875.77M
Suntech Power STP 27.70 +5.80 (26.48%) 4.28B
Trina Solar (ADR)TSL 14.49 +2.77 (23.63%) 371.03M
Evergreen Solar ESLR 4.25 +0.81 (23.55%) 699.92M
First Solar FSLR 143.97 +26.52 (22.58%) 11.52B
SunPower Corp SPWRA 52.00 +8.99 (20.90%) 4.46B
Ascent Solar Tech ASTI 4.99 +0.85 (20.53%) 91.97M
Akeena Solar. AKNS 2.88 +0.48 (20.00%) 83.04M
Green Energy Movers
Name Symbol Last Price Change Mkt Cap
Ormat Tech ORA 31.82 +7.73 (32.09%) 1.44B
American Superconductor AMSC 16.23 +3.22 (24.75%) 699.07M
Energy Conversion Devices ENER 44.82 +8.82 (24.50%) 2.05B
Raser Technologies RZ 5.15 +0.52 (11.23%) 293.15M
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