Items Tagged With Solar Energy

On April 17, Evergreen Solar (ESLR - Last trade $10.72) announced a polysilicon supply contract with Korean company DC Chemical. Some analysts have been skeptical about the true costs and benefits of the supply contract and, with earnings from the supply contract not expected to have an impact until 2009, impatient traders have dumped the stock. ESLR's stock price plummeted from a high of $13.21 on April 17 to a low of $10.26 on April 23. Is this a time for bargain hunters to look at ESLR?

FirstSolar (FSLR - Last trade $80.82) is arguably the brightest solar stock of 2007. The stock has skyrocketed from a January 3 low of $28.20 to a June 19 high of $79.88. Banc of America, Lazard Capital, Piper Jaffray, Cowen & Co and First Albany all have buy ratings on the stock. Jim Cramer, who recently said that solar valuations have become uncomfortably high, said that he won't endorse shorting FSLR. As we pointed out last week, FSLR has recently showed the highest volatility of U.S. listed solar stocks.

As an investor, are you more afraid of the fallout from credit spreads or are you more afraid of missing the market bottom? The battle between fear and greed on global stock markets has led to many casualties this week, including FirstSolar (FSLR - Last trade $104.54).