Any of you guys doing anything with solar? ETF or perhaps just one company you really like?
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Best Solar
- Thread starter TheCaymanIsland
- Start date
Quote from mac:
As long as oil stays at these levels solars are out of play. It's gonna be a while untill any alternative energy stocks pay off.
Where have you been??? FSLR has gone from 86 to 149 today in a matter of weeks. That's a 73% move. If these things aren't for trading, nothing is. But I agree- they are now coming back down.
Quote from BullAlert:
Where have you been??? FSLR has gone from 86 to 149 today in a matter of weeks. That's a 73% move. If these things aren't for trading, nothing is. But I agree- they are now coming back down.
Bull, so what plays are you looking at? I heard the Middle East is working on some sort of solar solution that they will EVENTUALLY sell to the rest of the world.
Quote from TheCaymanIsland:
Bull, so what plays are you looking at? I heard the Middle East is working on some sort of solar solution that they will EVENTUALLY sell to the rest of the world.
I follow FSLR, but have been burned badly the way it gaps. I would be a buyer no more than in the 85-90 range. JASO is a wild ride too if you have the stomach.
Jefferies initiates First Solar (FSLR 137.88) with a Buy and a $180 tgt saying they believe FSLR is positioned to outpace industry earnings growth through a variety of different macro scenarios due to its low cost production advantage. The firm sees group weakness as an opportunity to buy clear survivors and long-term solar winners for a recovery cycle.
FSLR is down 50% from it's high around 300. I agree it's up nicely, but that's only in the past 30 days. Look at a long term chart and you'll see it's in a downtrend. It has just recently traded above it's 50dma. If it breaks below that level I would be carefull. I think the dumb money is coming into solars now because of the new administration.
As for JASO, That is also trending lower over the long term. It will take a while before all this alternative energy talk is going to be fruitfull. Were in a bear market,trade the trend.
As for JASO, That is also trending lower over the long term. It will take a while before all this alternative energy talk is going to be fruitfull. Were in a bear market,trade the trend.
To the OP-
TAN is an all solar ETF
TAN is an all solar ETF