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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)

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Results for SCTY
nasdaqfan
27 Aug 15 13:50:11
YINN Direxion Daily China Bull 3x Shares Stock Forum http://t.co/DXVDOC5Wme $YINN $GDXJ $SCTY $XIV #YINN #finance #nasdaq
Lucky Jimmy
27 Aug 15 13:43:33
SCTY SolarCity Corp. Shares http://t.co/O7T6bubOVG $SCTY $TLT $PRE.TO $XLU #SCTY #share #stock
IH News Desk
27 Aug 15 13:38:33
HVI.TO Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF Quotes http://t.co/Xvq1BGpMHL $HVI.TO $SCTY $AUY $RSP #HVI.TO…
Investors Hangout
27 Aug 15 13:36:05
FDN First Trust Dow Jones Internet Index Fund Last Price http://t.co/8pJmwTUfIB $FDN $TWTR $ADMD $SCTY #FDN #finance #finance
Teslaliving
27 Aug 15 13:30:03
$SCTY current stock price: $46.23. http://t.co/l6IjNInXCR #GoSolar #bot http://t.co/U8RJWj0joK
KShahi
27 Aug 15 13:26:53
$SCTY looking like a good bet.
David
27 Aug 15 13:14:09
My top 3 performing stocks today were $TSLA $SCTY $NFLX #GrowthStocks
Neal Pedowitz
27 Aug 15 13:13:56
$SCTY volume @ 5-10% float, all month is very profitable for brokers. Like WOW to 3rd power. You'd think all shares changed hands August.
Solo traders
27 Aug 15 13:10:20
$SCTY - Current Report Filing (8-k) http://t.co/JzSBErYrJU
Solo traders
27 Aug 15 13:10:20
$SCTY - Statement of Changes in Beneficial Ownership (4) http://t.co/YbKVCUpE55
Solo traders
27 Aug 15 13:10:19
$SCTY - Statement of Changes in Beneficial Ownership (4) http://t.co/3FrHa0PTQm
StockNews
27 Aug 15 13:10:18
$SCTY - Current Report Filing (8-k) http://t.co/RrVpCRrC3u
StockNews
27 Aug 15 13:10:16
$SCTY - Statement of Changes in Beneficial Ownership (4) http://t.co/dIiD9nvOWc
StockNews
27 Aug 15 13:10:16
$SCTY - Statement of Changes in Beneficial Ownership (4) http://t.co/eTPatA1vDR
BreakingStocksNews
27 Aug 15 13:10:06
$SCTY: New Insider Transaction on SCTY by Chief Technology Officer: http://t.co/kDQOxw49pM
Breaking News Now
27 Aug 15 13:10:03
$SCTY: New SEC Filing for SCTY: Form 8-K (No. 0001564590-15-007610): http://t.co/PqGq5t7q79
New SEC Filings
27 Aug 15 13:09:46
NEW SEC Filing for $SCTY filed a moment ago: http://t.co/It9HaWn6M4 http://t.co/w40BfpMUNO
Ambiguous
27 Aug 15 13:09:46
RT @WrigleyTom: pm $SPLK $ULTA $GME $ZOES $VEEV $ADSK $SWHC $OVTI Fast- MS Analyst who u/g $SCTY Cramer $PLKI $CHGG *Japan Data http://t…
Insider Alerts
27 Aug 15 13:09:13
NEW insider transaction on $SCTY reported a moment ago: http://t.co/jhpROhARvh
Sec Filings
27 Aug 15 13:06:40
$SCTY: SOLARCITY CORP filed a form 8-K. http://t.co/gx7Nkyhh2K
Emylers
27 Aug 15 12:49:13
XLE Energy Select Sector SPDR Day High http://t.co/uvpeGCSIjB $XLE $TVIX $SCTY $TZA #XLE #invest #investing
Jake13
27 Aug 15 12:48:04
TZA Direxion Daily Small Cap Bear 3x Shares E.P.S. http://t.co/E09ar2Qq2c $TZA $SMH $CELG $SCTY #TZA #stockmarket #investing
Tom Wrigley
27 Aug 15 12:46:51
pm $SPLK $ULTA $GME $ZOES $VEEV $ADSK $SWHC $OVTI Fast- MS Analyst who u/g $SCTY Cramer $PLKI $CHGG *Japan Data http://t.co/A3haqwvu5c
Neal Pedowitz
27 Aug 15 12:46:02
PUC to keep net metering through end of 2015 - Wednesday, Aug. 26, 2015 | 2:25 p.m. - Las Vegas Sun $SCTY minivictory http://t.co/itU0wsVyBT
PolgarStocks
27 Aug 15 12:45:04
SCTY SolarCity Corp. Company Info http://t.co/iVaEJQDSuG $SCTY $TSLA $ENZN $XLU #SCTY #investing #pennystocks
danrocks
27 Aug 15 12:44:40
SCTY SolarCity Corp. Current Price http://t.co/r2jayXl4gv $SCTY $P $MNKD $SKX #SCTY #stock #finance
Stock_Tracker
27 Aug 15 12:44:36
SCTY SolarCity Corp. Day High http://t.co/a9NnPrnNmJ $SCTY $CEU.TO $PYPL $MBLY #SCTY #stock #pennystocks
Stock_Tracker
27 Aug 15 12:44:35
SCTY SolarCity Corp. Chart http://t.co/FHMO57jTTc $SCTY $MU $LINE $HYG #SCTY #stock #nasdaq
Lucky Jimmy
27 Aug 15 12:44:35
SCTY SolarCity Corp. Last Price http://t.co/HGzusY4PYm $SCTY $HOU.TO $SPG $SLV #SCTY #finance #tradeideas
clayton
27 Aug 15 12:44:34
SALT Scorpio Bulkers Inc. Last Trade http://t.co/BXAf7RGC8m $SALT $IHSI $QID $SCTY #SALT #stock #investing
IH News Desk
27 Aug 15 12:44:08
SALT Scorpio Bulkers Inc. 52Wk High http://t.co/AqV0HOS6ZZ $SALT $YANG $SCTY $ERY #SALT #invest #investing
IH News Desk
27 Aug 15 12:44:08
SCTY SolarCity Corp. Summary http://t.co/W25AyxmAfa $SCTY $BABA $BIS $UNH #SCTY #finance #stockmarket
DennyT
27 Aug 15 12:44:07
QID ProShares Ultra Short QQQ Prev Close http://t.co/8XbdygnBON $QID $FXH $XLI $SCTY #QID #pennystocks #stock
IH NASDAQ OMX
27 Aug 15 12:42:04
NFLX Netflix, Inc. Volume http://t.co/xsq6pXs6fi $NFLX $FXI $CAT $SCTY #NFLX #stockmarket #pennystocks
Investors Hangout
27 Aug 15 12:41:07
KGC Kinross Gold Corp. 52Wk High http://t.co/XePR9BwBkO $KGC $UWTI $FEYE $SCTY #KGC #tradeideas #tradeideas
IH News Desk
27 Aug 15 12:40:37
JNUG Direxion Daily Junior Gold Miners Index Bull 3X Shares Tick http://t.co/HCV1rBB2vh $JNUG $SPXL $SCTY $ARP #JNUG #finance #share
Lucky Jimmy
27 Aug 15 12:40:36
IYT iShares DJ Transportation Average Index Fund Day High http://t.co/CQc1Mv4V4c $IYT $FRO $DIA $SCTY #IYT #invest #finance
DennyT
27 Aug 15 12:39:03
HZNP Horizon Pharma plc 52Wk High http://t.co/XanhrWav0x $HZNP $SCTY $UWTI $SPXU #HZNP #stock #stock
danrocks
27 Aug 15 12:39:03
HOU.TO Horizons BetaPro NYMEX Crude Oil Bull Plus ETF Message Board Posts http://t.co/7p4B5DM52a $HOU.TO $AMZN $SCTY $TQQQ #HOU.TO…
leahanne
27 Aug 15 12:39:03
IBB Biotech iShares Ask Size http://t.co/eV8IryRgPv $IBB $MDXG $SCTY $ASHR #IBB #share #nasdaq
Emylers
27 Aug 15 12:36:04
F Ford Motor Co. Ask Size http://t.co/3xEyD3PVl6 $F $JNUG $NKE $SCTY #F #investing #stocks
leahanne
27 Aug 15 12:36:04
FB Facebook, Inc. Market Cap http://t.co/vw6JObiIO9 $FB $TLT $SCTY $CSCO #FB #stockmarket #invest
leahanne
27 Aug 15 12:34:09
CVX Chevron Corp. Last Price http://t.co/V2IbAbF7RP $CVX $SCTY $SCO $RIG #CVX #invest #pennystocks
MC
27 Aug 15 12:24:15
#SCTY $SCTY https://t.co/9RzwKBdFle
Alexander Morris
27 Aug 15 11:55:09
$SCTY: At 1DyHIGH=45.72, hits:15, ch:+6.2%[4.5%offHi], News[Upgrd], tf:0110000, medFlt:49M, HiPctSht[47%:3d], PrvClGap+[+4.0%]
Andrew Dice Sorkin
27 Aug 15 11:54:57
Raymond James on a roll today: First a mark-to-bubble PT of $650 on $AMZN and now Pavel's PT=$75 on $SCTY...What a piece of work RJ is...
Bidness Etc
27 Aug 15 11:45:12
#SolarCity Stock Upgraded To Buy At Morgan Stanley http://t.co/9J2l55eRfK $SCTY http://t.co/UMi1bXiBXm
Stock Forums
27 Aug 15 11:44:36
SCTY SolarCity Corp. Volume http://t.co/m7gI20DQ8D $SCTY $DIA $NBZ.TO $PHM.V #SCTY #invest #pennystocks
Irma Doucet
27 Aug 15 11:38:40
$SCTY SolarCity Corp Surges After Upgrade For Underperformance http://t.co/TQ8UuVKgc6
Jake13
27 Aug 15 11:38:34
HACK PureFunds ISE Cyber Security ETF Ask http://t.co/OZRphVboSI $HACK $SCTY $C $GME #HACK #tradeideas #stockmarket
				
				
By  +Follow September 16, 2013 12:48PM
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