New York, NY - June 21, 2012 (Investorideas.com renewable
energy/green newswire) Investorideas.com news staff: Investorideas.com, a
leader
in renewable energy stock research for independent investors, issues a
trading alert for solar stocks. The sector looks like has reached a
bottom recently, with several of the well-known players showing an
uptrend, even as oil prices decline.
China Sunergy Co. Ltd. (NASDAQ:CSUN) is up, trading at $1.79, gaining 0.09(5.29%) 10:06AM EDT
First Solar, Inc. (NASDAQ: FSLR) is trading at $14.94, up marginally at 0.01(0.07%) 10:04AM EDT with a morning high of $15.34.
Westinghouse Solar, Inc. (NASDAQ: WEST) is trading at $0.31, up 0.02(6.90%) 10:07AM EDT
The Dow Jones is down over 21 Points and oil is down, trading at 80.760002 at the time of this report.
The sector had been beaten down so badly that a sign of strength in
the global industry in select markets is moving stocks in spite of
lower oil prices.
Japan's shift to solar has been a recent factor in some of the stocks turning to the upside.
A report from the Solar Future UK conference had Giovanni
Terranova, founding partner of Bluefield Partners LLP, a specialist
asset manager for solar PV infrastructure, stating he sees increasing
opportunities in the UK market for installers and investors:
"The UK solar industry has reached an important and exciting stage in its development and has the opportunity, for the first time, to be the cornerstone of the government's onshore renewable policy.
Due to significant cost reductions in the price of modules the
solar industry in the UK is now a cost-effective solution in comparison
to other renewable technologies.
Solar has the potential, using lower subsidies, to see to a significant
increase in installed capacity over the coming years and to be a major
part of the government's 2020 renewable electricity target. The 22GW
target set and confirmed by the Government has the potential to
transform the UK market in one of the most interesting markets in Europe
over the next few years
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