RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with insight from solar expert J. Peter Lynch in his recent commentary, “Solar Stocks - Looking for a Bottom?” Solar stocks saw gains at the close of the market Tuesday with SunPower up 6.81% and Evergreen Solar Inc up 5.24%.
Renewable Energy Stocks solar expert, J. Peter Lynch noted,”One thing for sure, is that when they do turn up they will move just as fast to the upside as they have to the downside. So far to date, their higher volatility has worked BOTH ways.”
He also went on to say, “This is just the beginning of the birth of the renewable energy industry. The renewable energy industry is at the same stage now as the automobile industry was in 1900.”
Sector Close-Up as of Trading July 29, 2008:
SunPower Corporation closed up on the day at 77.13 USD, up $4.92 (6.81%).
First Solar, Inc. closed at $277.57 USD, up $10.67 (4.00%).
Akeena Solar Inc. (NASDAQ:AKNS) closed at $4.61 USD, up $0.19 (4.30%).
Evergreen Solar Inc ended at $9.24 USD, up 0.46 (5.24%).
LDK Solar ADR finished at $34.99 USD, up $2.29 (7.00%).
Clear Skies Solar, Inc. (OTCBB: CSKH) closed the market at $0.90.
XsunX, Inc.: (OTCBB: XSNX) closed at $0.341 USD on volume of 339,000.
Ascent Solar Technologies Inc closed up 6.56% and then lost some of the gains in after market trading.
Arise Tech Corp ended at $1.45 CAD, up (1.40%).
The Ardour Solar Energy Index closed at 5,077.68, up 1.49 (0.03%).
Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX) commented, “While many aspects of our economy may be scaling back, at XsunX we have continued to see growing interest in our thin film solar modules. Whether from utilities looking to offset the need to build more coal and gas fired power plants, or the deployment of acres of commercial rooftop solar systems to implement distributed power generation, the scope of solar use continues to rise. Opportunities for growth appear to be available just about everywhere the sun shines.”
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (OTCBB:CSKH) said, "We are seeing increasing demand for installations of solar energy systems, as evidenced by our announcement of a contract with Mc Gowan Builders, Inc. (MBG) to install a solar energy system at the company’s new headquarters in East Rutherford, NJ."
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
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.
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 or the company website.
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.
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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 websites. 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 100,000 options.
Source: RenewableEnergyStocks.com, XsunX, Clear Skies Solar