Monday, July 12, 2010

Solar Stocks

Continuing on the theme from The Oil Volcano, the sun has been shining on solar stocks in recent days.   Here are three solar stocks that trend well and provide short-term trading opportunites:






All three are in Daily up-trends, which is all we need to know to trade in and out of them.  Nonetheless, that False Bar Stochastic is ominously close to a Sell signal.  My strategy would be to wait here, if the FBS goes into trend mode, then buy, or if alternatively the FBS triggers a Sell signal, go with the downside play. 

On the other hand, take a look at this private company, Nanosolar, which may have revolutionized solar energy with their proprietary thin film solar panels:

Named Best Invention of the Year 2008 by Time Magazine
There are countless ways to manufacture solar panels, but there's only one metric that counts: how the cost of solar power compares with that of electricity from fossil fuels. Until energy from the sun can beat energy from coal at the marketplace, solar will remain a niche player, adorning the rooftops of those who care more for their green reputation than for their bottom lines. Enter Nanosolar, a San Jose-based start-up that manufactures thin-film solar panels. Unlike the bulky silicon panels that dominate the solar market, Nanosolar thin-film technology is light and extremely cheap to make. The key is the manufacturing process: while silicon panels need to be baked in batches, Nanosolar's thin-film panels roll off the assembly line, as if from a printing press.
Keep an eye out for Nanosolar going public, or, some other back-door way to invest in it, i.e. owning shares of public companies that may have already taken stakes in Nanosolar

A