POINT ROBERTS, WA and DELTA, BC on the day following Lehman's
analyst, Vishal Shah, increasing his price target to $335 from
$280.
Renewable Energy Stocks solar expert, J. Peter Lynch, commented,
"Solar stocks are beginning to come back from their recent
correction. About half of the stocks I follow have broken above
their 50-day moving averages. If the tax credits get extended the
whole sector will run up, but it will require a close eye and the
ability to exit quickly if the extension fails."
According to Adam Krop, Vice President-Equity Research at Ardour
Capital Investments, LLC, "In addition to Lehman upgrade, solar
stocks are moving higher on chatter that Japan may be on the verge
of reinstating solar subsidies to make up for lost market share in
the past two and a half years."
The Ardour Solar Energy Index (Market, News), a compilation of
global solar energy stocks in three primary solar energy sectors:
Photovoltaics, Solar Thermal, and Solar Lighting was up $9.20 at
the close.
Robert Wilder, Manager of the WilderHill Clean Energy Index
(AMEX: ECO), noted, "One needn't look very far to see why several
solar stocks have seen increasing valuations lately. With oil
around unprecedented highs, Saudis unable to calm concerns they
cannot make up for growing depletion of existing supply, natural
gas demand outstripping supply, and coal costs rising to boot,
there's an environment of new attention to alternatives." Full
quote click here:
http://www.investorideas.com/Articles/062408.asp
"Solar could make up 10% of U.S. generation by 2025 according to
a recent utility solar assessment study by Clean Edge and Co-op
America. This kind of projection evidences the growth potential of
the Solar Industry to its participants, and we feel privileged to
be a part of it," said Tom Djokovich, CEO of XsunX, Inc. (OTCBB:
XSNX).
Sector Close-Up as of Trading June 23, 2008:
First Solar, Inc. (Market, News) closed at $288.00 USD, up
$19.78 (7.37%) following Lehman's upgrade.
Akeena Solar Inc. (NASDAQ: AKNS) was down $0.02 on the day but
up in after markets $0.12 (2.06%).
Evergreen Solar Inc (Market, News) closed up 3.52%.
LDK Solar ADR (Market, News) increased $1.80 (4.80%) with
additional gains after hours.
SunPower Corporation (Market, News) had gains of $1.29
(1.59%).
Yingli Green Energy (Market, News) was down $0.48 (2.46%) with
after market gains of $0.15 (0.79%).
Clear Skies Solar Inc. (OTCBB: CSKH) closed down $0.08.
XsunX: (OTCBB: XSNX) closed down $0.01 (1.27%).
ICP SOLAR (Market, News) ended down $0.02 (3.23%).
WorldWater & Solar Technologies (Market, News) traded volume
of 925,958.
For investors following solar stocks, the
RenewableEnergyStocks.com website provides a comprehensive list of
photovoltaic and solar stocks to research.
Coming soon to Investorideas.com - InvestorIdeas.com Green
Investor:
Follow well-known financial columnist Michael Brush, who also
writes the Insiders Corner for Investorideas.com, in a series of
interviews with some of the leading CEOs, investment banking and
financial leaders in the sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB:
CSKH). Clear Skies Solar, Inc. (CSS), through its wholly owned
subsidiary, provides full-service renewable energy solutions to
commercial, industrial, and agricultural clients across the
country. CSS was incorporated in 2003 and launched formal
operations in 2005. During that time period, CSS developed its
proprietary systems, obtained licenses and certifications, and
acquired technologies that could maximize the impact of its
construction expertise on the renewable energy sector.
Leading the charge among the Clear Skies technologies is their
patented XTRAXR, the first of its kind to handle the trading of
carbon credits and its comprehensive billing procedures, designed
and developed entirely by Clear Skies Group's in-house research and
development department. XTRAXR will deliver reliable autonomous
data readings for solar energy systems around the United States.
Additionally, the XTRAXR system can also provide monitoring of
energy production from wind, solar-thermal, geo-thermal, tidal and
other types of facilities and installations that are fossil-fuel
independent.
CSS has become one of the premier solar electric installation
companies in the country. More info can be found on the
Investorideas.com Company Showcase
http://www.investorideas.com/CO/CSG/ or the company website at
www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in
Aliso Viejo, Calif., XsunX is developing amorphous silicon thin
film photovoltaic (TFPV) solar cell manufacturing processes to
produce TFPV solar modules. To deliver its products the Company has
begun to build a multi-megawatt TFPV solar module production
facility in the United States to meet the growing demand for solar
cell products used in large scale commercial projects, utility
power fields, and other on-grid applications. Employing a phased
roll out of production capacity, it plans to grow manufacturing
capacities to over 100 megawatts by 2010. More info on XsunX, Inc.
can be found on our media profile at:
http://www.investorideas.com/co/xsnx/default.asp or
http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com� is one of several green investor
portals within Investorideas.com and provides investors with stock
news, exclusive articles and financial columnists, audio
interviews, investor conferences and a directory of stocks within
the renewable energy sector.
Disclaimer: Our sites do not make recommendations. Nothing on
our sites should be construed as an offer or solicitation to buy or
sell products or securities. We attempt to research thoroughly, but
we offer no guarantees as to the accuracy of information presented.
All Information relating to featured companies is sourced from
public documents and/ or the company and is not the opinion of our
web sites. This site is currently compensated by featured
companies, news submissions and online advertising. Disclosure:
XsunX and Clear Skies Holdings compensate the website $5000 per
month. In addition CSKH has issued options. More info:
www.InvestorIdeas. com/About/Disclaimer.asp
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