Volume Spike Investor » solar stocks

VOLUME SPIKE: Solar Stocks (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)

247admin — Tue, 06 Jan 2009 14:56:44 +0000

We are seeing a sharp rise in the volume of solar power stocks this morning. Unfortunately, it is to the downside despite some peers holding up on the news. LDK Solar Co. (NYSE: LDK) issued a warning for Q4 and for 2009 revenues and margins, and you can see the full description of their warning. LDK shares are down 10% at $13.28 in pre-market trading on about 98,000 shares traded as of 9:01 AM EST. Here is how peers are trading this morning:

Shares of First Solar Inc. (NASDAQ: FSLR) are actually UP marginally at $158.00 on about 25,000 shares.
Canadian Solar Inc. (NASDAQ: CSIQ) is now up 0.4% at $7.07 on about 4,200 shares.
JA Solar Holdings Co. (NASDAQ: JASO) shares are down almost 3% at $4.95 on 51,000 shares.
Evergreen Solar Inc. (NASDAQ: ESLR) is down 0.5% at $3.58 on 31,000 shares.
Solarfun Power Holdings (NASDAQ: SOLF) is down almost 1% at $6.05 on 14,000 shares.

Jon C. Ogg
January 6, 2009

Volume Spike: Solarfun Power (SOLF)

247admin — Tue, 02 Dec 2008 15:05:41 +0000

Solarfun Power Holdings (NASDAQ: SOLF) is being hit pretty hard pre-market on disappointing earnings. Shares are doiwn almost 14% at $4.05 with 23 minutes until the market opens. We have seen over 50,000 shares trade hands, and it trades more than 2 million shares per day. Its 52-week trading range is $2.67 to $40.19.

JON OGG

DEC. 2, 2008

Volume Spike: Solar Power Players (FSLR, SOLR, JASO, SOLF)

247admin — Mon, 24 Nov 2008 15:11:31 +0000

As of 9:09 AM EST we are seeing a substantial interest in the price of solar power stocks. Stocks in general rising are helping out, and the pop of $2.00 in oil today probably is not hurting matters.

First Solar (NASDAQ: FSLR) $92.81 close, $98.00 last, +5.6% on 23,000 shares.
GT Solar (NASDAQ: SOLR) $2.49 close, $2.86 last, +14.86% on 4,100 shares.
JA Solar (NASDAQ: JASO) $2.10 close, $2.24 last, +6.67% on 26,877 shares.
Solarfun Poper Holdings (NASDAQ: SOLF) $3.25 close, $3.80 last, +16.92% on 19,215 shares.

Jon C. Ogg
November 24, 2008

Solar Stocks Getting Hit (JASO, SOL, STP)

247admin — Fri, 31 Oct 2008 13:30:50 +0000

Credit Suisse is out dimming some expectations for select solar company price targets this morning, and this has these solar stocks and other solar stocks giving back some of the profits seen this week. JA Solar Holdings (NASDAQ: JASO), ReneSola Ltd. (NYSE: SOL), and Suntech Power Holdings (NYSE: STP) are all gapping down lower after Credit Suisse cut target prices. Here is a more detailed synopsis at 24/7 Wall St.

Jon Ogg

October 31, 2008 (9:31 AM EST)

GT Solar Shows Strong Gains (SOLR)

247admin — Tue, 26 Aug 2008 21:09:23 +0000

Maybe things aren’t all that bad over at GT Solar International Inc. (NASDAQ: SOLR). It posted net income of $5.1 million and earnings of $0.03 on revenues of $57.1 million. These compare to a net loss of $5.0 million for the same quarter last year and a loss of -$0.04 EPS. This was also a 272% revenue rise from the year before. The newly public solar player also guided Fiscal March-2009 revenues $600 to $650 million and $0.70 to $0.75 EPS. SEE FULL NOTES

As of 5:10 PM EST, we have seen a 6.6% gain to %15.00 on more than 470,000 shares traded since the 4:00 PM closing bell.

JON OGG

August 26, 2008

Trader Alert: Suntech Power & Solar Stocks (STP, FSLR, ESLR, CSIQ, SOLF, CSUN)

247admin — Wed, 20 Aug 2008 12:44:35 +0000

Suntech Power Holdings Co. Ltd. (NYSE: STP) is seeing a surge in both its price and its pre-market trading volume. Shares are trading up over 4% at $38.90 at 8:40 AM EST on more than 130,000 shares pre-market after beating earnings and raising guidance.

Its new guidance for 2008 is $2.05 to $2.15 Billion in sales, up from a prior range of $1.9 to $2.1 Billion and above estimates of $2.06 Billion in revenues. The company is also becoming one of the largest solar players as it now expects capacity to be able to run at an annual 1 Gigawatt production by the end of the year.

Volatility is this solar player’s middle name as its 52-week trading range is $28.19 to $90.00.

Other solar tickers to watch: FSLR, ESLR, CSIQ, SOLF, CSUN.. most are indicated higher pre-market

JON OGG
August 20, 2008

Major Price/Volume Spike: SunPower (SPWR)

247admin — Fri, 15 Aug 2008 12:58:05 +0000

We are seeing a huge gap up this morning in shares of SunPower Corporation (NASDAQ: SPWR). After the close yesterday we saw an announcement that SunPower and OptiSolar signed an 800MW photovltaic supply contract with PG&E in San Luis Obispo County in California. What is interesting is that OptiSolar’s 550MW Topaz Solar Farm was taken entirely for its output, and the other 250MW coming from a solar farm that is a subsidiary of SunPower hasn’t been built yet. There are also contingencies.

SunPower is getting the benefit of this as though it won the whole contract. Shares are up 11% at $87.29 on 275,000 shares as of 9:00 AM EST. The high volatility is probably contributing as its 52-week range is $53.18 to $164.49. Its short interest of 19.1 million shares at the end of July is adding more fuel to the fire.

JON OGG

August 15, 2008

SOLAR FLARE: Trina Solar Active Downward Pressure (TSL)

247admin — Fri, 06 Jun 2008 12:20:13 +0000

Trina Solar Limited (NYSE: TSL) has just posted its quarterly earnings report. You can read the full analysis and comparison at 247Wallst.com, but the forward margins and Wall Street’s demanding more and more out of solar players is the key this morning.

Shares are extremely active and are giving up gains of the prior day. An average trading day is 1.5 million shares, yet we crossed 200,000 shares pre-market at 8:20 AM EST with 1 hour and 10 minutes to the open. The pressure on the stock is downward. After the report, shares were down almost $2.00 then down almost $3.00. Now shares are trading between $46.00 and $46.25 at 8:20 AM EST.

Trina Solar closed at $49.63 yesterday ahead of earnings and that move was more than a $4.00 gain from the prior day. Its 52-week trading range is $25.88 to $73.06. As a reminder, early pre-market trading is often very different than trading during normal trading hours.

As traders love solar stock volatility, this may be one of the more active volume stocks compared to normal trading volume today.

Jon Ogg
June 6, 2008