Clean Power

Published on May 29th, 2013 | by Zachary Shahan


Four Solar Stocks That Did Even Better Than SolarCity Last Week

May 29th, 2013 by  

This article was originally published on Solar Love.

I don’t follow stocks much, but my interest in cleantech stocks has been growing since I’ve been covering this sector for years. I recently ran across a couple of interesting posts on solar stocks that I thought were worth a share.

First, Solar Power World’s Frank Andorka recently conducted a very interesting interview with Peter Lynch — an advisor to Principal Solar Institute, an investment banker, and an expert in renewable energy. The interview focused on investing in solar stocks, and simply investing, in general. I won’t try to summarize it, but I think it’s worth a listen, so click on through to that link for that.

The second thing I ran across was an article by Rick Munarriz on The Motley Fool. The article highlighted 4 solar stocks that are surging even more than SolarCity. (Oh yeah, SolarCity stock is apparently surging… it had an 8% gain last week, and it has seen a quadrupling of its stock in 2013 so far.)

Basically, the news is that some leading solar hardware manufacturers are now seeing a big stock surge. The idea presumably being: if a leading solar installer is promising a bright future, the same should be true for some leading hardware companies.

Oh yeah, plus, JA Solar’s revenue for the quarter was $270 million rather than the projected $226, which apparently helps its stock out quite a bit, as well as similar companies yet to announce their quarterly figures.

The company also shored up its finances by paying off $119 million in convertible notes this month, inspiring at least one worrywart on Wall Street to change its tune. RBC Capital is boosting its price target on JA Solar from $1 to $8.

When a solar-energy company posts a positive surprise, it benefits peers that will be reporting later, and that helps explain the double-digit percentage gains at the three other winners that will stepping up with fresh financials in the coming days.

Trina and Yingli will report quarterly results on Wednesday and Thursday, respectively. The market isn’t holding out for great performances here. Trina and Yingli are expected to post widening quarterly deficits with double-digit percentage declines in revenue. However, JA Solar’s robust report suggests that there may be some upside surprises in those dreary outlooks.

So, here’s a table of the four solar stocks that had a better weekly gain than SolarCity:

4 Solar Stocks Hotter Than SolarCity  JASO, JKS, TSL, YGE

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About the Author

is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.

  • Steeple

    Perhaps someone here would like to comment on the attached article regarding widespread early failures of solar panels

    • It looks like Todd did some good research. I think the comment from Rhone Resch summarizes the situation: “I think quality is increasingly a concern, but it’s not a major issue yet.”

      As Yingli’s rep said, only 15 defective modules had been returned to the company out of 2.8 million shipped to the United States since 2009.

      With the solar shakeout occurring (link below), I’m sure some companies are cutting corners. It would be good if there were better systems in place for evaluating quality. But there are some.

      Of course, some solar panels have been going for over 30 years with little change in output. Many are expected to go for decades, long beyond their 20- or 25-year warrantees. But, surely, some won’t.

      For sure, this kind of piece benefits Japanese, German, and US solar manufacturers, but I doubt China’s solar manufacturers will suffer or change much. They dominate the top 10 list.

    • Bob_Wallace

      There’s been discussion in the industry that some sort of quality monitoring might be needed. There’s been concern that some of the manufacturers who are in danger of going under would cut corners and ship some sub-standard product.

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