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2005 Year of the Solar Stocks

By J. Peter Lynch
March 28, 2006

For the most part 2005 was a lackluster year for American stocks. The market mostly went sideways to nowhere and was generally an unusually boring year for investors.

But quietly in the background, 2005 may also have been the beginning of a trend of more and more solar related companies becoming public companies and as a result the solar industry gaining a much "brighter" profile with the American public.

Below is a comparison of 2005 performance of 7 solar related public companies that trade on major US stock markets verses a number of other indices that are commonly used in the financial press for comparisons.

These companies are listed in alphabetical order and followed by their stock market trading symbol:

Distributed Energy Systems Corporation - DESC
DayStar Technologies, Inc. - DSTI
Energy Conversion Devices, Inc. - ENER
Evergreen Solar Inc. - ESLR
Spire Corporation - SPIR
Sunpower Corporation - SPWR
Suntech Power Holdings ADR - STP

Dow Jones Industrial Average (DJIA)

As you can see from the numbers, there was nothing "lackluster" about solar related stocks in 2005. They clearly and substantially outperformed all the comparative indices. Admittedly there are only a small number of stocks and they are almost totally focused in the Photovoltaics sector of the industry, but it is certainly a beginning and a "stellar" beginning at that.

Their growth has slowed down in the first quarter of 2006, but they are still substantially outperforming the major indices.

With this increased profile, hopefully will come a greater knowledge and awareness on the part of the American public and thereafter more positive action directed at the most significant topics of our lifetime - Global Warming, A long term plan for our energy future and our insane addition to foreign oil.

Maybe 2005, in retrospect will be known as the "Dawn of the Solar Age". I certainly hope so.

J. Peter Lynch has worked, for 29 years as a Wall Street analyst, an independent equity analyst and private investor, and a merchant banker in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977. He is currently a financial and technology consultant to a number of companies, among them Daystar Technologies, Inc., which is listed in the article. He can be reached via e-mail at

Peter Lynch is an independent columnist for this web site and may hold long or short positions in any of the stocks mentioned in this article and those positions can change at any moment. Disclaimer:, InvestorIdeas is not directly affiliated or compensated by the companies mentioned in this article. Nothing in the articles should be construed as an offer or solicitation or recommendation to buy or sell any specific products or securities. Past performance does not guarantee future results.


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