RES Reports: Foreign Investment in Thin Film Solar Stock Attributed to Momentum
Renewable Energy Stocks Sector Close- Up on Solar Stocks Performance; “Solar Stocks Exploded to the Upside” Reports J. Peter Lynch.
Point Roberts, WA, April 02, 2008 --(PR.com)-- 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 weeks 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.
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:
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 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. 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. is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. XsunX, Inc. closed at 0.44 on Friday, up 10.00% on over 460,000 shares. Showcase Profile available on the InvestorIdeas.com website.
Solar Stocks Explode to the Upside: investorideas.com/PL/news/033008a.asp
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, Clear Skies Solar Inc. and XsunX 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.
Online media presentations for March Online Conference available on the Investorideas.com website.
About Their Green Investor Portals:
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: InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, XsunX
###
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.
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:
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 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. 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. is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. XsunX, Inc. closed at 0.44 on Friday, up 10.00% on over 460,000 shares. Showcase Profile available on the InvestorIdeas.com website.
Solar Stocks Explode to the Upside: investorideas.com/PL/news/033008a.asp
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, Clear Skies Solar Inc. and XsunX 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.
Online media presentations for March Online Conference available on the Investorideas.com website.
About Their Green Investor Portals:
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: InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, XsunX
###
Contact
RenewableEnergyStocks.com
Dawn Van Zant
800-665-0411
www.renewableenergystocks.com
Dawn Van Zant
800-665-0411
www.renewableenergystocks.com
Contact
Categories