Solar Stocks Outperform the Market since June
Solar Stocks and Market Commentary with J Peter Lynch
Point Roberts, South Salem, New York – November 15th, 2010 - Investorideas.com, a leader in cleantech stock research tools issues new solar stocks commentary from solar contributor, J. Peter Lynch.
Solar Stocks Commentary with J Peter Lynch -
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Solar stocks have certainly handily out-performed the general market averages since the beginning of June and are slightly underperforming year to date. But there are a number of warning signs appearing that investors should be aware of:
- The market in general is fairly overbought and is likely to at least correct back to the mean. Markets can stay overbought for quite a while, but this one is approaching 100% overbought so it is at the very least a time for caution.
- A large number of solar stocks have recently reversed their momentum from positive to negative. This portends at least some form of pullback for the strongest stocks and possibly worse for the weaker stocks. ** See the new “ Solar Stock Technical Review” table for updates on which stocks are technically strong, which are neutral and which are weak.
- As you can see from the table below - the majority of our stocks have dropped BELOW their 50 day moving average, a sign of short term weakness that usually proves to be quite accurate. Keep in mind that a month ago almost ALL our stock were trading ABOVE their 50 day moving average. Now only 10 are trading above and all of these are very close to going below their 50 day averages.
|Symbol||Current Price||50 Day MA||%Change since 6-1-10||%Change YTD|
|CSIQ||14.16 ||14.382 ||19.39 ||-50.87|
|CSUN||4.59 ||4.46 ||28.93 ||-0.64|
|DSTI ||1.86 ||1.956 ||6.28 ||-49.64|
|EMKR ||1.25 ||1.025 ||22.54 ||16.82|
|ENER ||5.11 ||4.756 ||-0.195 ||-51.66|
|ESLR ||0.88 ||0.805 ||-1.12 ||-41.72|
|FSLR ||138.39 ||142.12 ||29.2 ||2.21|
|JASO ||8.5 ||8.383 ||83.98 ||49.12|
|JKS ||32.64 ||30.224 ||215.6 ||215.67|
|LDK ||12.53 ||10.45 ||123.3 ||78.74|
|RSOL ||2.93 ||3.072 ||-15.8 ||-9.28|
|SOL ||11.13 ||11.833 ||103.1 ||133.82|
|SOLF ||9.06 ||11.293 ||31.3 ||18.74|
|SOLR ||8.64 ||8.301 ||62.41 ||55.4|
|SPIR ||5.83 ||5.151 ||68.99 ||8.76|
|SPWRA ||13.97 ||13.417 ||14.04 ||-41.01|
|STP ||8.47 ||9.027 ||-14.01 ||-49.07|
|TSL ||24.51 ||27.798|| 47.21 ||-9.17|
|WEST ||0.52 ||0.588 ||-36.58 ||-58.4|
|WFR ||13 ||12.174 ||22.87|| -4.55|
|YGE|| 11.04 ||12.226 ||23.91 ||-30.17|
|Aver % Change|| || ||+39.3||+7.12|
|S&P 500 ||1199.21 || ||12 ||7.54|
|Dow Jones ||11192.58 || ||11.66 ||7.33|
|NASDAQ ||2518.21|| ||13.31 ||10.98|
Mr. Lynch has worked, for 33 years as a Wall Street security analyst, an independent security analyst an investment banker and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for 17 years to the Photovoltaic Insider Report, the leading publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He is currently a private investor and advisor to a number of companies. He can be reached via e-mail at: SOLARJPL@aol.com. Please visit his website for the promotion of solar energy - www.sunseries.net
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