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RES Releases 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
RES Releases Reports – Foreign Investment in Thin Film Solar Stock Attributed to Momentum

 

NewswireToday - /newswire/ - Point Roberts, WA, United States, 2008/03/31 - Renewable Energy Stocks sector close- up on Solar stocks performance; “Solar Stocks Exploded to the Upside” reports J. Peter Lynch.

   
 
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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.”

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. (OTCBB: XSNX) 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. (OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. XsunX, Inc. (OTCBB: XSNX) closed at 0.44 on Friday, up 10.00% on over 460,000 shares.

Solar Stocks Sector Close- Up Trading:
Symbol Company Name Performance %

ASTI – Ascent Solar Technologies, Inc. 73.3
CSIQ – Canadian Solar Inc. 21.3
CSUN – China Sunergy Company Ltd. 4.7
DESC – Distributed Energy Systems Corp. 15
DSTI – DayStar Technologies Inc. 18.4
EMKR – EMCORE Corporation -14.5
ENER – Energy Conversion Devices Inc 12.2
ESLR – Evergreen Solar, Inc. 8.3
FSLR – First Solar, Inc. 9.2
JASO – JA Solar Holdings Co., Ltd 18
LDK – LDK Solar Company Ltd. 20.4
SOLF – Solarfun Power Holdings Co. 20.3
SPIR – Spire Corporation 35.7
SPWR – Sunpower Corporation 7.9
STP – Suntech Power Holdings ADR 18.9
TSL – Trina Solar Limited 11.4
WFR – MEMC Electronic Materials, Inc. -16
YGE – Yingli Green Energy Holding Company Limited 15

Average Performance 3/24/08 to 3/28/08 +15.53

Major Indexes
DJIA Dow Jones -2.7
SPX S&P 500 -2.6
NASD NASDAQ -2.8

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 (NASDAQ:AKNS), Clear Skies Solar Inc. and XsunX (OTCBB: XSNX) 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.

About Our 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: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX and Clear Skies Solar are featured solar showcase company and compensate the website $5000 per month.

Source: RenewableEnergyStocks.com, XsunX

 
 
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RES Releases Reports – Foreign Investment in Thin Film Solar Stock Attributed to Momentum

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