Solar stocks have come out of their deep freeze and are now red hot. First Solar, Inc. (FSLR) is trading at $44.89, +4.55 (11.18%). The 52-week low on FSLR was $11.43. That's almost a 300% gain. Other solar stocks have done the same.
Why Are They Surging?
Through cost cutting and advancement in technology they can make solar panels on the cheap. In addition, demand continues and many solar makers have gone out of business, which is great for those remaining. Lastly, many investors shorted the stocks and are now getting squeezed out.
Focus on the remaining small solar companies that have not surged dramatically higher, which is now where the upside can be found. They are short-term trades but will catch fire, if they haven't already.
Related: SunPower Corporation (SPWR), Applied Materials, Inc. (AMAT), Trina Solar Limited (ADR) (TSL), MEMC Electronic Materials, Inc. (WFR).
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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Solar Stocks Continue To Heat Up
Published 04/24/2013, 03:39 PM
Updated 07/09/2023, 06:31 AM
Solar Stocks Continue To Heat Up
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