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Renewable Energy Stocks Sector Close Up on Solar Stocks 2007; Analyst Upgrades and Industry Experts Agree "It Is Just the Beginning"
Review of 52 Week Range of Evergreen Solar, China Sunergy, First Solar, XsunX, Inc. and Other Solar Stocks
| Source: RenewableEnergyStocks.com; XsunX
POINT ROBERTS, WA and DELTA, BC--(Marketwire - December 17, 2007) -
www.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. Momentum created from oil prices closing in on
$100 a barrel, global revenue growth within the sector and analyst upgrades
have resulted in strong percentage gains in solar stocks.
Solar-power companies Evergreen Solar and China Sunergy reported new
contracts and were up over 9% and 14% respectively on Friday's close. JA
Solar Holdings was up $6.83 giving traders a 10.84% gain for the day.
For investors following solar stocks, the RenewableEnergyStocks.com website
provides a comprehensive list of photovoltaic and solar stocks to research.
The site also features commentary by solar expert J. Peter Lynch,
"Renewable and Solar Energy Perspectives" at
http://www.renewableenergystocks.com/PL/.
According to Mr. Lynch, "Certainly to say that solar stocks were hot in
2007 is an understatement. Solar stocks probably, on average, outperformed
the averages by 50-fold so far in 2007. This has been a GREAT year for
solar stocks and it is just the beginning. The solar industry is currently
at the very early stages of its growth curve and the future will be even
brighter."
Tom M. Djokovich, CEO of XsunX (OTCBB : XSNX ), explains, "With the worldwide
rise in energy prices, PV prices are now closer to conventional energy
prices than ever before. Currently, there's abundant demand for solar
modules at prices between $3.00 to $4.00/watt and thin film PV offers even
lower price points. PV could be a significant player in the energy market
at only $2 per watt but the industry will need to scale significantly to
meet the demand for lower-priced PV. That's why we're working to position
XsunX as a large scale manufacturer of thin film PV."
Evergreen Solar Inc (Market,
News) shares moved December 13th after UBS Investment Research
initiated a "Buy," and had an after hours spike that continued into
Friday's market on news that it has signed a ten-year polysilicon supply
agreement with Silicium de Provence S.A.S. "Silpro." Calyon Securities
analyst Kelly Dougherty also upgraded Evergreen to "Buy" from Add. She
noted in regards to the new Energy Bill, "The watered down bill should not
have a significant impact on US demand, since domestic solar demand is
really driven at the state level."
China Sunergy Co., Ltd. (Market, News), a solar cell
manufacturer in Nanjing, China, announced news it had entered into a
supply agreement with asola Advanced and Automotive Solar System GmbH, a
German module manufacturing company. China Sunergy said it will supply
10.2MW of solar cells to asola during 2008.
First Solar, Inc. (Market,
News), with a 52 week range of $26.54 to $256.45, closed up $3.34 on
Friday and was rated a BUY on Dec13th by UBS.
For investors wanting to know if the solar stock run is over, the number of
analyst upgrades across the sector would indicate -- "no"!
The dramatic 52 week range of some of the well-known solar stocks also
evidences the growing global investment moving into this sector.
(As of December 14, 2007)
LDK SOLAR CO ADR (Market,
News) - $22.27 - $76.75, SUNPOWER CORPORATION (Market, News) $35.40 -
$164.49, CANADIAN SOLAR INC. (Market, News) $ 6.50 - $
24.83, SOLARFUN POWER HOLDINGS $ 8.22 - $31.80, AKEENA SOLAR INC $ 8.22 -
$31.80, YINGLI GRN ENGY ADR (Market, News) $ 10.48 - $39.20
and JA SOLAR HOLDINGS $ 16.17 - $72.06.
(OTCBB : XSNX ). XsunX, Inc. has a 52 week range of $ 0.26 - $0.66.
About Featured Showcase Solar Company XsunX: (Advertisement) 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. http://www.xsunx.com/ More info on XsunX,
Inc. (OTCBB : XSNX ) can be found on our media profile at:
http://www.investorideas.com/co/xsnx/default.asp
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