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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 -
Read other articles, Exclusively for InvestorIdeas.com and Renewableenergystocks.com: http://www.renewableenergystocks.com/PL/

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:

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  • 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.
SymbolCurrent Price50 Day MA%Change since 6-1-10%Change YTD
ASTI3.93.8129.13-26.42
CSIQ14.16 14.382 19.39 -50.87
CSUN4.59 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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Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com® or any of the industry sector portals. At the time of publication, writers may hold positions in the stocks or companies mentioned.

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Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.

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