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Point Roberts, WA, United States, 11/27/2008 – Solar stocks traded up with the general markets but investors are cautiously optimistic following the recent speech from President-elect Obama, discussing job creation in the sector.
Renewable Energy Stocks solar expert, J. Peter Lynch commented in his most recent column, that this market may represent a generational buying opportunity, “I agree that solar P/E’s and expectations were FAR too optimistic and missed a number of rather obvious problems that were rapidly approaching (i.e. coming silicon over supply), however, at this time I believe that current expectations have moved equally to the opposite extreme with FAR too much pessimism.”
Renewable and Solar Energy Perspectives with J. Peter Lynch available on the InvestorIdeas website.
XsunX, Inc.(OTC Bulletin Board: XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, announced that it had entered into a two-year supply contract for the sale of fifteen (15) megawatts of it ASI-120 TFPV solar modules (representing approximately $37 million dollars in total contract value) to a full service solar power company specializing in commercial and solar farm projects located in the California and Hawaiian markets. The stock traded volume of 1,672,300 and was up on the day, closing at just under $0.25, from its opening of $0.19 on the news.
Investors can also track the Ardour Solar Energy Index (^SOLRX) a compilation of global solar energy stocks in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting for sector indications.
Sector Close-Up as of Trading November 25, 2008:
First Solar, Inc. (BASDAQ: FSLR) closed at $117.19
Akeena Solar Inc. (NASDAQ: AKNS) closed at $1.79
Evergreen Solar Inc (NASDAQ: ESLR) closed at $2.38
LDK Solar ADR (LDK) closed at $12.73
SunPower Corporation (SPWRA) closed at $30.57
Yingli Green Energy (YGE) closed at $4.49
XsunX: (OTCBB: XSNX) closed up at $0.245 on significant volume on news
ICP SOLAR (OTCBB: ICPR) closed at $0.211
WorldWater & Solar Technologies (OTCBB: WWAT) traded at $0.271.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
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 or the company website.
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Source: RenewableEnergyStocks.com, XsunX
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