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Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks Light Up Thanks to First Solar Earnings
Investors Get Encouraging Signs for Solar Technology
| Source: RenewableEnergyStocks.com; XsunX; Clear Sky Holdings, Inc
POINT ROBERTS, WA and DELTA, BC--(Marketwire - February 14, 2008) -
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. First Solar was the bright star of the sector,
leading solar stocks on a rally reminding investors of the performance and
gains of 2007.
Renewable Energy Stocks solar expert, J Peter Lynch, commented, "First
Solar's Q4 07 announcement today dramatically exceeded the street's general
consensus resulting in an 20% gain in the stock which was oversold
technically in the short term."
Mr. Lynch went on to say, "More importantly their announcement of full
scale production and the resultant drop in cost per watt showed investors
encouraging signs of PV technology reaching grid parity in the not too
distant future and opening up an even more promising future for solar
companies worldwide."
Sector Close-Up as of Trading February 13, 2008:
First Solar, Inc. (Market,
News) beat the street and rewarded investors with a $52.90 (30.13%)
gain with earnings of $62.9 million, 77 cents per share, compared with $8
million, or 12 cents per share, in the year-ago quarter. The rally
continued in after market trading with additional gains. Revenues for the
fiscal year ended December 29, 2007 were $504.0 million, up from $135.0
million in fiscal year 2006.
According to the company's press release, quoting Michael J. Ahearn, Chief
Executive Officer of First Solar, "During the fourth quarter of 2007 we
benefited from the full capacity and economies of scale of our
Frankfurt/Oder plant. This combined with continued throughput and
conversion efficiency gains afforded us strong operating leverage and
decreased our manufacturing cost per watt by 12% year over year to $1.12
per watt in the fourth quarter of 2007, further solidifying our cost
leadership position in the industry."
Clear Skies Solar, Inc. (OTCBB : CSKH ) had a daily gain of 5.71%. According
to Ezra Green, "'FSLR' earnings are further proof that the Solar sector is
viable AND here to stay. We at CSKH are committed to the growth of solar
energy by introducing new technologies and innovative methods of
integrating solar technology into every sector of the commercial &
industrial arena, we applaud their success."
Akeena Solar Inc. (Market,
News) closed up 5.56%.
Evergreen Solar Inc (Market,
News) shares were up $1.23 (12.17%) and another 2.20% in after market
trading.
LDK Solar ADR (Market, News)
had gains of $2.12 (6.32%).
Canadian Solar Inc. (Market,
News) radiated, up $2.60 (12.87%).
China Sunergy Company Ltd. (Market, News) was another
bright star up 6.87%.
SunPower Corporation (Market,
News) followed the pack with an $8.82 (12.37%) gain.
Yingli Green Energy Holding Company Limited (Market, News) rallied up 16.6
%.
"The solar industry is well on its way towards attaining a significant
presence within the broader electric power industry, and as evidenced by
the rise in reported revenues by solar manufacturers, is poised for
continued strong growth over the foreseeable future," stated Tom Djokovich,
CEO of XsunX, Inc. (OTCBB : XSNX ). "Grid parity, supported by a global drive
to reduce green house gases, government incentives, and aggressive
corporate cost-cutting plans, should be attained within five years and
drive further impressive solar growth. In my opinion the sky's the limit
for solar's future. We're very excited about leveraging our experience with
amorphous thin-films to build and operate a module manufacturing facility
and begin delivering much needed product into this market in early 2009,"
concluded Djokovich.
For investors following solar stocks, the RenewableEnergyStocks.com website
provides a comprehensive list of photovoltaic and solar stocks to research.
Investorideas.com and RenewableEnergyStocks.com will be hosting an online
investor conference, March 21, 2008, giving investors free online access to
industry and investing perspective in the greentech sector.
Solar companies Akeena Solar (NASDAQ : AKNS ), Clear Skies Group Inc (OTCBB : CSKH ) and XsunX: (OTCBB : XSNX ) will present in the company of some of the
leading experts in the industry. Conference Info:
http://www.investorideas.com/Forums/Portals/Green2.aspx
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB : CSKH )
through its wholly owned subsidiary, Clear Skies Group, Inc., provides
full-service renewable energy solutions to commercial, industrial, and
agricultural clients across the country. CSG was incorporated in 2003 and
launched formal operations in 2005. During that time period, CSG developed
its proprietary systems, obtained licenses and certifications, and acquired
technologies that could maximize the impact of its construction expertise
on the renewable energy sector. CSG has become one of the premier solar
electric installation companies in the country. More info can be found on
the Investorideas.com Company Showcase, or the company website at
www.clearskiesgroup.com.
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 at: http://www.investorideas.com/co/xsnx/default.asp or
http://www.xsunx.com/
About Our Green Investor Portals:
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within Investorideas.com and provides investors with stock news, exclusive
articles and financial columnists, audio interviews, investor conferences,
Blogs, and a directory of stocks within the renewable energy, clean tech
and fuel cell sectors.
Disclaimer: Our sites do not make recommendations. Nothing on our sites
should be construed as an offer or solicitation to buy or sell products or
securities. We attempt to research thoroughly, but we offer no guarantees
as to the accuracy of information presented. All Information relating to
featured companies is sourced from public documents and/or the company and
is not the opinion of our web sites. This site is currently compensated by
featured companies, news submissions and online advertising. XsunX and
Clear Skies Holdings compensate the website $5000 per month.
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