Solar Stocks STP and TSL to report this week.

I know there's absolutely something wrong with 15% returns. I have absolutely nothing against LDK. In fact I trade it quite frequently. I had posted something about the Solar stocks this weekend. Was just wondering if anyone watched or traded any and how they did. Thanks for your narrow minded comment though. Good Luck with the LDK, hope they don't have any more financial reporting problems.
 
I have never been able to understand the "food chain" of the solar stocks.....tax credits, etc etc.....

I have a friend who is in FSLR from $45, LOL....

How do you think the future (next 30 days) looks and who will move on up....

Or does one simply "day" trade them off of news, earnings etc?

Would love to hear a sane rational opinion from an adult...

Thanks so much....

SteveD
 
I wrote a blog this weekend in anticipation of the move that happened this week. Kind of just explaining the "food Chain" but I couldn't post the link they asked me not to. But I'll give you a clue it's my handle. You'll have to look back to archive August 11th.
 
This was posted a few days ago by Tiernan Ray, a well respected Barrons blogger who owns no stocks of any kind:

August 18, 2008, 4:06 pm
Trina Sell-Off Overdone, Says Raymond James
Posted by Tiernan Ray

Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4% today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year. The sell-off may be overdone, opined Raymond James analyst Pavel Molchanov, in a chat I had with him by phone this afternoon.

Trina sales of $204.2 million nearly tripled from the prior-year period, beating the average $202.5 million estimate, while profit of 68 cents was short of an 81-cent estimate, in large part because of a $6.1 million foreign exchange loss owing to the rise in the Chinese Renminbi against the dollar. But what spooked some was the company’s statement on a conference call with analysts earlier today that it has pre-sold 60% of its sales target for next year. That could be taken as meaning the company is at risk of having lower prices next year, even though management today actually said their gross profit should be up next year because of stronger pricing.

“Is it favorable they have pre-sold about 60%, with another 4 months to go in the year?” asks Molchanov in our talk. “At this stage in the year, to have pre-sold 60% does not look like a bad place to be in.” Molchanov says the company’s forecast for gross profit as a percentage of sales to be up next year from last quarter’s 23.2% is better than he had forecast. Molchanov points out that the company also has secured 60% of the silicon wafer supply it needs to meet next year’s sales target. That’s important because locking in contracts for silicon now provides greater certainty for profit margin next year. Molchanov has a $55 price target on Trina and a “Strong Buy” rating on the stock. He notes that its trading at less than 8 times his estimate for next year, which he thinks is relatively cheap among solar stocks. Molchanov’s profit estimate of $3.97 for 2009 is lower than the Street, at $4.35.
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