Renewable Energy Stocks Sector Close-Up; Investors can expect very erratic movements in solar stocks until overall market volatility goes back to the “normal” range

 

POINT ROBERTS, WA —February 25, 2009 - www.RenewableEnergyStocks.com,

a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading as of February 24, 2009. Several of the green leaders had increases in excess of 10% on the day and then gave back some of the gains in after hours trading.

First Solar, Inc. (NASDAQ: FSLR) released financial results for the fourth quarter and fiscal year ended, December 27, 2008. Quarterly revenues were $433.7 million, up from $348.7 million in the third quarter of fiscal 2008 and up from $200.8 million in the fourth quarter of fiscal 2007. Revenues for the fiscal year ended December 27, 2008 were $1,246.3 million, up from $504.0 million in fiscal year 2007. The company also announced it reduced its manufacturing cost for solar modules in the fourth quarter to 98 cents per watt, breaking the $1 per watt price barrier. The shares were up over 10% during market hours and then pulled back over 12% in after hours trading, based on the short term outlook.

 

According to solar expert, J. Peter Lynch in his last column, “Investors can expect very erratic movements in solar stocks until the overall market volatility starts to get back to the normal range.”

 

He went on to say, “The next phase of development for the solar industry is the same phase that all new industries went through – autos, semiconductors, computers etc. – it is the consolidation and shake-out phase.

 

The industry WITHOUT question has a very bright future. However, as in all new industries the strong will survive and the weak will be acquired or go out of business. New technology will emerge and new leaders will distance themselves from the pack. This is NOTHING NEW and not unique in any way to the solar industry.”

 

Read Renewable and Solar Energy Perspectives with J. Peter Lynch http://www.renewableenergystocks.com/PL/

 

Renewable Energy Stocks Sector Close-Up as of Trading Close February 24, 2009:

 

Akeena Solar Inc. (NASDAQ:AKNS) closed up $0.17 (12.88%).      

Archer-Daniels-Midland Co. (NYSE:ADM) had gains of $0.61 (2.23%).

Canadian Solar Inc. (NasdaqGM: CSIQ) increased $ 0.20 (5.17%).  

China Technology Development (NASDAQ: CTDC) closed unchanged.

Clean Energy Fuels Corp. (NASDAQ:CLNE) closed up $0.34 (6.58%). 

Energy Conversion Devices, Inc. (NasdaqNM: ENER) was up $ 2.52 (10.67%).

Evergreen Solar Inc (NASDAQ:ESLR) closed up $0.25 (21.01%).

First Solar, Inc. (NASDAQ: FSLR) had gains of $12.84 (10.29%), followed by a sell-off in after market hours based on company news and forecasts for short term solar markets.  

GWS TECHNOLOGIES INC (OTCBB: GWSC) closed unchanged.

ICP Solar Technologies Inc. (OTCBB: ICPR) was unchanged with company news on preliminary Fourth Quarter Results.

Mantra Venture Group Ltd. (OTCBB: MVTG) closed at down $0.01 (5.00%).

SunPower Corporation (NasdaqGS: SPWRA) had gains of $3.19 (10.68%), but down in after hours trading.

Suntech Power Holdings Co. Ltd. (NYSE: STP) was up $0.79 (11.90%) and followed some of the solar stocks downtrend after hours.

Westport Innovations Inc. (WPT.TO) closed up $0.16 (3.22%).

Yingli Green Energy (NYSE: YGE) closed up $0.47 (12.60%).

XsunX Inc. (OTCBB: XSNXE) closed up 4%.

 

For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.

http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

Featured Showcase Renewable Energy Stocks:

 

XsunX Inc.: (OTCBB: XSNX)

Recent News: XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules

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/

 

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Source: RenewableEnergyStocks.com, XsunX