Back to top

Zacks Industry Rank Analysis

The politics of Washington can often be found driving the economies of scale.  With the solar winds of change pointing in the direction of alternative energy, the U.S. is seeing a boom in demand for solar panels which, combined with newer technologies, is bringing down prices while increasing outputs.

Fourteen companies make up the Solar sector of the Zacks Industry Rank, gaining 3 positions last week.  While not a remarkable shift, its place at #10 out of 260 ranked industries displays strong momentum. 

Four recent positive earnings revisions, and none to the negative, have caught investors' attention. Companies in the space are averaging a remarkable +45% positive earnings per share surprises.  

Other factors, such as overseas expansion, are making the conversion to solar energy a global phenomenon.  Below are two companies which have moved into the prime position of a Zacks Rank #1 (Strong Buy) this week as a result.  With triple-digit EPS surprises already in the bag, both companies are poised for growth.  This, combined with performance of the sector as a whole, is important when building an investment strategy capable of powering your portfolio.

These companies are hoping you see the light, in more than a few ways.

JinkoSolar Holdings Co. (JKS - Snapshot Report)

JKS was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2 (Buy).

JinkoSolar Holding Co. is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. With a global network spanning across Europe, North America and Asia, they are strategically poised to take advantage of China’s booming solar industry, as well as other nations that are playing catch-up.

JKS last earnings surprise was +288% and it holds a Zacks Recommendation of “Outperform.”  It reports its next earnings on April 9, 2014.

First Solar Inc. (FSLR - Analyst Report)

FSLR is a Zacks Rank #1 (Strong Buy).  It moved up from a Zacks Rank #2 (Buy) last week.  This company reports quarterly earnings on February 25, 2014.

First Solar manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs.  Though the market for solar technology is competitive, its stable liquidity position and expertise in other areas of the solar value chain should enable it to remain on solid footing.

FSLR’s last earnings surprise was +147% and has expected EPS growth of +10%.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%