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Is solar on the move?

Posted by Satuki On April - 1 - 2010

The solar sector seems to have been active lately. It has been pretty weak for most of the time during this big rally. Let’s take a look at some active ones.

 

Trina Solar Limited (TSL)

It is a Chinese company.  The recent move was caused by the upgrade from Credit Sussie, which is based on a price reduction of about 10% in the third quarter 2010 due to the German feed-in tariff reductions, and a revenue increase for 2010 to over $1.3 billion for Trina. You can see the source here

 

Click on the images to have a better view

 

Technically speaking, I believe it will face a tremendous amount of selling pressure from the bulls trapped in the previous rally.

 
CSIQ(Canadian Solar Inc)

This company is actually based in China.  Nowadays, stocks with some Chinese background still perform slightly better than others.  The chart is basically pretty much like TSLs’.

 

 

 

FSLR(First Solar, Inc)

The is perhaps one of the most depressed solar stocks.  But it has been kind of firming up lately.

 

 

 

 
Among these 3 guys, FSLR perhaps is the weakest.  Both TSL and CSIQ have better weekly than FSLR.   All these guys are active stocks and good for short term swing trading in either directions.  Both bulls and bears can make some money from here.   Bulls might still get a few legs up from here.  Bears might short into the weakness when they run out of steam.  I believe they are actually very good short candidates.  Anyway, I am slightly biased toward shorting in general.


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Most Commented Posts


  • http://www.investinthemarkets.com Doctor Stock

    With the pause in the markets, the momentum will likely turn south unless the earnings give reason to be bullish in the next couple of weeks… guess that's just obvious.

  • http://www.momdaytrader.com/blog/ Satuki (Trader Mom)

    We will definitely see some small reactions in the general markets. which will have some impact on most stocks

  • http://www.momdaytrader.com/blog/ Satuki (Trader Mom)

    We will definitely see some small reactions in the general markets. which will have some impact on most stocks


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