Solar Stocks?

Discussion in 'Community Discussion' started by MBX, Dec 27, 2008.

  1. MBX macrumors 65816

    Joined:
    Sep 14, 2006
    #1
    What do you think about investing in solar companies at the moment?

    These solar stocks seem to have fallen pretty deep and lost a lot of value recently which makes me think about investing now that it's so low.

    Did they fall so much because of the oil getting cheaper in the past half year?

    Anybody know about the outlook for this sector?
     
  2. bruinsrme macrumors 601

    bruinsrme

    Joined:
    Oct 26, 2008
    #2
    Take a look at ESLR

    Fact: Europe has a strong movement for alternative engeries. What is happening in the USA is merely a needle in the haystack compared to what is happening in Europe.
    Now is the time to buy and sit.
     
  3. MBX thread starter macrumors 65816

    Joined:
    Sep 14, 2006
    #3
    Yeah yeah i had that one on my watching list.

    But what do you think will it rebound? Seems very affected by the recession.

    Actually speaking of ESLR: If you look at their stock from past 2 years, the highest they're been at is Dec.'07 which was around 19 and averagely at around 8-10.

    Really think that one is a good pick?
     
  4. bruinsrme macrumors 601

    bruinsrme

    Joined:
    Oct 26, 2008
    #4
    They were affected buy Lehman Brothers.
    My recommendation is research their bookings, there NEW manufacturing capabilities, and projection for profits.
     
  5. bruinsrme macrumors 601

    bruinsrme

    Joined:
    Oct 26, 2008
    #5
    Personally I think they are a hell of a pick........
     
  6. Superman07 macrumors 6502a

    Joined:
    Aug 28, 2007
    #6
    I've been investing in a solar company for a few years now. It took off a while back, but between the recent economy and oil falling it has taken a beating. However, I think long term the sector will remain strong.
     
  7. obeygiant macrumors 68040

    obeygiant

    Joined:
    Jan 14, 2002
    Location:
    totally cool
    #7
    ESLR has a market cap about about a half a billion.

    Other solar stocks are:

    FSLR - First Solar trading at about $135 with a 10B market cap

    and

    SPWRA - SunPower Corp
     
  8. bruinsrme macrumors 601

    bruinsrme

    Joined:
    Oct 26, 2008
    #8
    first solar and Evergreen use 2 completely different technologies.

    First Solar is a very large company, where evergreen is just starting up their first high volume automated manufacturing facility.
     
  9. EricNau Moderator emeritus

    EricNau

    Joined:
    Apr 27, 2005
    Location:
    San Francisco, CA
    #9
    At first glance I read the title as "Solar Socks" which seemed like a pretty stupid idea to me. :D
     
  10. iMacIreland macrumors member

    Joined:
    Feb 9, 2008
    #10
    Actually it seems like a good idea. Think about it, oil may be low now, but its running out, and the world is power hungry, it has to come from somewhere, right now in Ireland solar panels and other renewable sources are in such hihg demand that we had to go on a six week waiting list for them. So from country to country, it can vary, but if you can afford to hold the stocks, you will make a long-term profit.
     
  11. EricNau Moderator emeritus

    EricNau

    Joined:
    Apr 27, 2005
    Location:
    San Francisco, CA
    #11
    Read it again, carefully. ;)
     
  12. itcheroni macrumors 6502a

    Joined:
    Sep 23, 2005
    Location:
    CA
    #12
    haha.

    Solar stocks could be huge but it's a bit too speculative for me.
     

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