Lately, solar has become all the rage again. First Solar, Inc. (FSLR) has seen a meteoric rise from a 52-week low of $11.43. The stock is trading at $35.45, +3.46 (10.82%). This is commonly looked at as the best-of-breed solar company. However, even the small Chinese solar stocks have surged in the last couple weeks. LDK Solar Co., Ltd. (LDK) bottomed in October at $0.71. The stock is trading at $1.99, +0.41 (25.95%). Other Chinese companies, near bankrupt solars, have also seen 100% or more gains in the last month or two.
The Fuel-Cell Play
The majority of money has been made in these names. A smart investor and trader must look to the forgotten plays to find a gem. The only alternate energy area that has not run yet is fuel cell makers. These stocks are near or at their 52-week lows and could be the next big movers. With solar companies going, there should be some spill over of buying. Two of these companies that are trading at their lows are Plug Power Inc. (PLUG) and Ballard Power Systems Inc. (USA) (BLDP). In the short term, these could be the next major movers.
Keep it on your watch list and understand the risk of any small cap stock.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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Will Fuel Cell Makers Follow Solar Makers
Published 01/03/2013, 03:09 PM
Updated 07/09/2023, 06:31 AM
Will Fuel Cell Makers Follow Solar Makers
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