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Solar Stocks on the Rise

By  +Follow September 16, 2013 12:48PM
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Several major solar companies showed gains on Monday, potentially reflecting industry approval of utilities legislation passed by the California legislature last Thursday. SolarCity Corp. (SCTY) saw gains exceeding 5 percent in early trading before ending the day just up just over 4.5 percent. SunPower Corporation (SPWR) was also up over 5 percent in early trading before settling into gains of over 3.5 percent, First Solar Inc. (FSLR) gained almost 3 percent before gains leveled out at just over 1 percent, and Chinese manufacturer Hanwha Solarone Co Ltd (HSOL) saw gains approaching 13 percent before retreating to a spike of just over 10 percent.

California Assembly bill 327, known as the “Parea Bill” for its author Assembly Member Henry T. Parea (D–Fresno), eliminated California’s previous four-tier system that charged the bigger energy users higher rates, replacing it with a simpler two-tier system that would see the majority of users paying the same rate. It also included a new monthly grid maintenance fee for all users of up to $10 (though Parea estimates it will begin at closer to $2 or $3 a month). The new fee is intended to get owners of distributed solar to pay their fair share of grid maintenance. Critics, however, claim that the new fee, combined with lower rates, could discourage future investment in rooftop solar panels.

Many in the solar industry still view the bill as an overall positive. It removes the cap on the total number of solar owners eligible for net metering payments, something advocates of the bill argue would benefit rooftop solar by eliminating uncertainty. The bill also clearly establishes the requirement that 33 percent of California’s retail energy sales come from renewable sources by 2020 as a floor, rather than a ceiling. This could pave the way for further increases, as some lawmakers have been discussing raising this requirement as high as 40 or 50 percent.

"Passage of this legislation means more Californians will now have access to cleaner, cheaper, and better energy," said John Stanton, co-Chair of the Alliance for Solar Choice and Vice President of Policy and Electricity Markets for SolarCity in a Thursday press release. "And greater market stability creates the opportunity for more jobs across California's rooftops."

Monday also brought news that China is slapping a new 6.5 percent trade duty on some polysilicon imported from the United States, targeting specific companies that are receiving government subsidies. Despite a strong domestic solar industry including 40 manufacturers of polysilicon, Chinese solar panel makers purchased some $2.1 billion worth of imported polysilicon.

 

(image courtesy of Wikimedia Commons)

Results for SCTY
Fin_Vestor
22 Apr 14 22:51:16
$SCTY Why SolarCity (SCTY) Stock Is Gaining Today http://t.co/YVUtvceKay
InTheMoneyBitch
22 Apr 14 22:31:42
Great finds today, every stock on watch was up nicely today. $DDD $IBB $LVS $SCTY $SPWR $WYNN $Z http://t.co/5DhPB3mQgi
Mitesh Desai
22 Apr 14 20:28:48
RT @CDMCapital: It Takes 35Kg of Coal to Charge a Tesla in China via @BloombergTV http://t.co/T7hNoLuLPf $TSLA $SCTY $KOL #cleanairfarce #t…
CDM Capital
22 Apr 14 20:27:13
It Takes 35Kg of Coal to Charge a Tesla in China via @BloombergTV http://t.co/T7hNoLuLPf $TSLA $SCTY $KOL #cleanairfarce #techbubble $QQQ
Walden Gretzky
22 Apr 14 19:55:59
$SCTY INVESTOR ALERT: Class Ac http://t.co/Y22XjbfCQf
Tressie Fortenberry
22 Apr 14 19:09:48
#Stock Market Reports on stocks like $SCTY $PDM $WRB $USD #equity http://t.co/x8jgQimGAS
Trader Bob
22 Apr 14 18:52:20
http://t.co/iK83KZw24j Tuesday Today's Video is Up! here: http://t.co/ebD482zhxV $SUNE $SCTY $JKS $DDD $INSY $CSIQ http://t.co/tt0DONY3FP
Binary Options Pro
22 Apr 14 18:51:16
RT @surinotes: $SCTY bouncing from PCZ in Bullish Cypher pattern & Targets http://t.co/qYSfmMEGSz
Trader Bob
22 Apr 14 18:46:49
Tuesday Today's Video is Up! here: http://t.co/3X7vmtVbOt $SUNE $SCTY $JKS $DDD $INSY $CSIQ http://t.co/8mEYCGLO8v
Money Major
22 Apr 14 18:33:36
$BBT Do you think you should hold $SCTY $DHI $ISRG #NASDAQ http://t.co/KNd3rm4FoH
SonicTheHedgehogg
22 Apr 14 18:25:10
Easy money $SCTY http://t.co/bCAuI5993V
EXCELLENTONE
22 Apr 14 18:14:55
Today I gave you $CSIQ up 9.31% and $SCTY up 7.44%. Tomorrow go LONG $DAL and $BA post earnings.
OTPicks.com
22 Apr 14 18:13:16
http://t.co/ioejVXw2Lr beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: be http://t.co/aala7NNOU1 http://t.co/ioejVXw2Lr
OTPicks- OnTimePicks
22 Apr 14 18:13:13
http://t.co/giErdXKj9j beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: be http://t.co/5SNXpRWzH5 http://t.co/giErdXKj9j
O T P i c k s . com
22 Apr 14 18:12:59
http://t.co/awZxDQ0zpX beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: be http://t.co/G79uQyr5Za http://t.co/awZxDQ0zpX
OTPicks.com
22 Apr 14 18:12:56
http://t.co/QkCFZ8q0T8 beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: be http://t.co/ot9ZmReZnG http://t.co/QkCFZ8q0T8
OTPicks.com
22 Apr 14 18:12:54
http://t.co/QzFp1WC0ss beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: be http://t.co/i2n0vQsAVM http://t.co/QzFp1WC0ss
OTPicks.com
22 Apr 14 18:12:50
beachcomber1: You never played$ TSLA or $SCTY today? $SCTY: beachcomber1 http://t.co/aala7NNOU1
STOCKER
22 Apr 14 18:12:06
All abord! Time for $SCTY only on the first pullback don't chase. It will pull back tomorrow or Thursday. Buy that dip and hold on strong
Fin_Vestor
22 Apr 14 18:10:04
$SCTY Is 'Impact Investing' Just Bad Economics? http://t.co/QFDHXbm9Nu
Dmitri Magnuson
22 Apr 14 17:44:50
$LNC Are you hanging on to $SCTY $GIS $IR Must see http://t.co/9bZsvHDolx
suriNotes
22 Apr 14 17:43:43
$SCTY bouncing from PCZ in Bullish Cypher pattern & Targets http://t.co/qYSfmMEGSz
Fin_Vestor
22 Apr 14 16:59:12
$SCTY Why SolarCity (SCTY) Stock Is Gaining Today http://t.co/R6PpTvkYK9
Fin_Vestor
22 Apr 14 16:53:18
$SCTY Why SolarCity (SCTY) Stock Is Gaining Today http://t.co/r52QiCCAeo
Yahaira Landry
22 Apr 14 16:44:02
$SCTY INVESTOR ALERT: Class Ac http://t.co/OO6ek4q17M
Milford Schwarz
22 Apr 14 16:41:14
Get Free research on $CHD $JOE $SCTY $DO #Research http://t.co/8wud937r8U
12Stocks.com
22 Apr 14 16:00:54
MidCap #Stocks Trend $NFLX $TSLA $SCTY $HOG $DDS $JAZZ $ILMN $AWAY $UAL $CSL $AMD $NFG $VRTX $MDVN $WCN $PANW @ http://t.co/H27z0IZCEk
12Stocks.com
22 Apr 14 16:00:53
MidCap #Stocks Performance $NFLX $TSLA $SCTY $HOG $DDD $WYNN $ARIA $DATA $DDS $JAZZ $FEYE $VEEV $PCYC more@ http://t.co/H27z0IZCEk
Joe Hentges
22 Apr 14 15:52:46
Six Days in April | Stock Market Today http://t.co/klZLz9k6gR $DJIA $SPX $COMPQ $RUT $CSIQ $SCTY $FSLR $SFUN #stocks #stockaction #markets
Who wants to know?
22 Apr 14 15:33:22
RT @StockSignaling: Upgraded Stocks Active After Hours: $LII $YUM $AZN $ABX $TWTR $TE $GOGO $SCTY $NFLX $NE $SPRT $BAC $MS $KEG $GDP http:/…
Stock Signaling
22 Apr 14 15:31:11
Upgraded Stocks Active After Hours: $LII $YUM $AZN $ABX $TWTR $TE $GOGO $SCTY $NFLX $NE $SPRT $BAC $MS $KEG $GDP http://t.co/3gvJLENZtD #spy
J JIMENEZ
22 Apr 14 15:22:07
@danielsparks I believe $SCTY has great advantages in the market and has a bright future ahead. A commodity business? Why do you think soon?
MoMoneyBurns
22 Apr 14 15:19:14
@FirmBets I tweeted yesterday about $SCTY 58 CALLS. I FUCKING KILLED IT!!! $SCTY rocked today.Also scaled out some $AAPL CALLS bot last week
J JIMENEZ
22 Apr 14 15:17:56
@danielsparks I believe it's still very much true that not all solar panels are created equal and $SCTY 's are best-in-class.
Kamal Khalfoun
22 Apr 14 15:06:57
"@InsiderMind: " $SCTY for an EZ gain tmr along with $GRPN $OREX $ANGI $VVUS $ANV $ACHN & $BBRY" & $TWTR Position all GREENS"
PsychSignal
22 Apr 14 15:04:20
Bullishness in $SCTY dropped 76.5% compared to past 48hr bullish average of 1.76 on a scale of 0-4
Kamal Khalfoun
22 Apr 14 15:01:26
"@Mastertrader_Consultant: Set ups (posted yesterday) that performed well today $TSLA $SCTY $YELP $NFLX $FEYE $FB $TWTR $GILD $SMCI
Stock Haven
22 Apr 14 14:59:53
Feeling pretty good about my $SCTY buy at 53's and $KATE buy at $31's. Only in for about 15%.
John Clement
22 Apr 14 14:28:22
Solar stocks up big; SunEdison leads pack on Einhorn disclosure $SCTY $JASO http://t.co/vejBWS2RSM
Scott Smith
22 Apr 14 14:20:37
Set ups (posted yesterday) that performed well today $TSLA $SCTY $YELP $NFLX $FEYE $FB $TWTR $GILD $SMCI Other setups http://t.co/zST2gkpfai
Destiny Investments
22 Apr 14 14:13:40
@Electricmood @destinysec_long lots of stuff got pumped by market. $SCTY was bad ass today.
Destiny Investments
22 Apr 14 14:11:06
Fav stocks: $FB $NFLX $AAPL $GOOG $SCTY $TSLA $TWTR $DIS $AMZN plays. $FB #1 - 80s trgt & $SCTY #2 - 90s trgt .Ask cause some need pullback
Daniel Sparks
22 Apr 14 13:35:12
Will solar panels eventually become a commodity business? What do you think? Experiencing buyers remorse after buying $SCTY shares
Scott Thomas
22 Apr 14 13:14:57
Solar stocks up big; SunEdison leads pack on Einhorn disclosure http://t.co/0SAUVeKVKX $TAN $SUNE $SPWR $SCTY
Daryl Montgomery
22 Apr 14 13:14:32
RT @ETFalpha: #Solar stocks up big; SunEdison leads pack on Einhorn disclosure http://t.co/KOR6PXJ05D $TAN $SUNE $SPWR $SCTY
Jack
22 Apr 14 13:12:11
There are so many falling wedge breakout setups for some individual stocks. $SCTY is one of them https://t.co/TEYqxqx68a
ETF alpha
22 Apr 14 13:10:58
#Solar stocks up big; SunEdison leads pack on Einhorn disclosure http://t.co/JU6KViwP55 $TAN $SUNE $SPWR $SCTY cc: @ETFGodfather
InTheMoneyBitch
22 Apr 14 13:00:10
$CAT $CONN $DDD $FEYE $FSLR $IBB $LVS $NFLX $SCTY $SNDK $SPWR $TSLA $WYNN $Z room was on fire today http://t.co/uUMrGPSqfI
12Stocks.com
22 Apr 14 12:58:29
MidCap #Stocks Performance $SCTY $HOG $DDD $TSLA $FEYE $VEEV $DATA $ARIA $WYNN $DDS $NFLX $MGM $PCYC more@ http://t.co/H27z0IZCEk
MarketCurrents
22 Apr 14 12:56:35
Solar stocks up big; SunEdison leads pack on Einhorn disclosure http://t.co/7XAuaWwcL5 $TAN $SUNE $SPWR $SCTY
				
				
By  +Follow September 16, 2013 12:48PM
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