Zacks highlights commentary from People and Picks Member «horsedentist».
For more Voice of the People, visit https://at.zacks.com/?id=7872
Solar Power: Is It Ready for Real This Time?
To me investing in solar is all about short periods of time because these stocks are so volatile. I read a few articles about solar lately. Costs of production are coming down because a key ingredient poly-silicon is in over abundance; price drop is 93% as of a few months ago.
This price drop has put solar energy production much closer to a breakeven. When countries in Europe started pulling the plug on government subsidies solar stocks tanked a few years ago. I'm looking SunPower ([url=https://www.zacks.com/stock/quote/spwr]SPWR[/url]) on a pull back, like a lot stocks SPWR has been hot year to date.
GE ([url=https://www.zacks.com/stock/quote/ge]GE[/url]) is building a huge solar panel plant. With production costs going down and the big guys (GE - Free Report) getting in Solar power is not going away. SPWR has some big name investment house attention lately with their 5 energy plays this year. When SPWR pulls back a little I'm in.
There are others names left in solar since the industry shake out last year. Solar is still a very risky trade but there are good signs that it could be rewarding risk.
The most recent picks by «horsedentist» are:
A buy rating on SunPower ([url=https://www.zacks.com/stock/quote/spwr]SPWR[/url]),
a buy rating on United Rentals ([url=https://www.zacks.com/stock/quote/uri]URI[/url]) and
a buy rating on Silver Wheaton ([url=https://www.zacks.com/stock/quote/slw]SLW[/url]).
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