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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
Pollux Technical
28 Mar 15 05:12:06
RT @OphirGottlieb: $SCTY Free Cash Flow is Fading. Chart: http://t.co/cHsBw9sFzz This chart spells trouble..
Capital Market Labs
28 Mar 15 04:37:49
$SCTY Revenue is Rising. Chart: http://t.co/6NYeE4ZZFC https://t.co/QN3BwQxDXx
Ophir Gottlieb
28 Mar 15 03:37:37
$SCTY Free Cash Flow is Fading. Chart: http://t.co/QisQIzPQWv
Pragmatic Profit
28 Mar 15 01:19:15
This is a big addressable mkt for $SCTY, but relies way too much on local politics to model around. Muni's r strapped http://t.co/pf70ergmVF
ace
27 Mar 15 17:17:52
People forget Steve Jobs found people to make $aapl at point of ch.13. @elonmusk made $ebay spin off PAYPAL! Made $scty made SPaceX!& $Tsla
john smith
27 Mar 15 17:02:59
$SCTY - SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/64LtXuqSYJ
StockNews
27 Mar 15 17:02:14
$SCTY - SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/lBQD48IpJs
NASDAQ
27 Mar 15 17:02:11
$SCTY - SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/TV6fsLHmzG
Solo traders
27 Mar 15 17:01:44
$SCTY - SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/m8eS3KsySS
Tech Stocks SA
27 Mar 15 16:00:58
SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/uHsgaoBx0V $ENPH $SCTY $VSLR $SEDG
IPO Watch
27 Mar 15 16:00:58
SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/ettTKHXrD3 $ENPH $SCTY $VSLR $SEDG
Quantpost Technology
27 Mar 15 16:00:58
$SCTY News: "SolarEdge: Standout In The Solar PV Inverter Industry $ENPH $SCTY …" http://t.co/gPqqAnjsj4 Quote: https://t.co/440R1qXEK7
Seeking Alpha
27 Mar 15 16:00:57
SolarEdge: Standout In The Solar PV Inverter Industry http://t.co/pq6zgrhGEN $ENPH $SCTY $VSLR $SEDG
Marc A
27 Mar 15 15:23:58
Sold $AXP p's 4 loss 3:55 day b4 $COST News hit Bot $SCTY @ lod a day b4 $FSLR News hit n held 2 long 4 a loss From those losses came $INTC
DK1
27 Mar 15 14:54:25
$SCTY took total loss on the lottos
Capital Market Labs
27 Mar 15 14:21:58
$SCTY Assets are Growing. Chart: http://t.co/Vj0t6NHWHJ https://t.co/jrG5B7BoI6
Alicia Powers, PhD
27 Mar 15 14:05:24
RT @Goosemody: California producing more solar than all the other states combined http://t.co/f90nfdxueq $SCTY $SUNE $NRG $SPWR http://t.c…
Gustad Mody
27 Mar 15 14:02:57
California producing more solar than all the other states combined http://t.co/f90nfdxueq $SCTY $SUNE $NRG $SPWR http://t.co/31rifrx1Jz
Lauren Holmes
27 Mar 15 13:36:15
$FSLR or $SCTY, which one you think is best? Read our analysis here http://t.co/huaLsH8iDZ
Lauren Holmes
27 Mar 15 12:53:40
$FSLR or $SCTY, which $TAN you think is best? Read our analysis here http://t.co/huaLsH8iDZ
Lauren Holmes
27 Mar 15 11:44:59
$FSLR or $SCTY, which $TAN you think is best? Read our analysis here http://t.co/huaLsH8iDZ
Anthony
27 Mar 15 11:21:28
RT @UPBOptionMil: Friday Morning Market Video - http://t.co/O1NgBD5U7z Covering $SPY $QQQ $IWM $TWTR $AAPL $GPRO $SSYS $DDD $SCTY
Alexander Morris
27 Mar 15 10:55:04
$SCTY: Exc 1DyHIGH=50.22, hits:5, ch:+0.3%, 5:1Accel+, tf:1010111, medFlt:46M, HiPctSht[42%:8d], oPop+[+1.0%], DyVol:766T:0.6x:0.3x
Jigar Shah
27 Mar 15 10:54:55
RT @ajsheets: @JigarShahDC Love the VT tweet. Love the idea of $2.5/w resi. I’ve been chasing that for years. $3.50+ in VT. No $SCTY nor $N…
Quantpost Technology
27 Mar 15 10:24:39
$SCTY News: "The Crowding Rooftop Solar Space $NRG $SCTY $VSLR" http://t.co/tOtJGAKHmB Quote: https://t.co/440R1rfg8H
Quantpost Utilities
27 Mar 15 10:24:38
$NRG News: "The Crowding Rooftop Solar Space $NRG $SCTY $VSLR" http://t.co/LMjtg3cyEn Quote: https://t.co/gmqKh9ci6H
Seeking Alpha
27 Mar 15 10:24:38
The Crowding Rooftop Solar Space http://t.co/Yhs8q1e0wx $NRG $SCTY $VSLR
Jonsessums
27 Mar 15 10:14:22
RT @BestMicroCaps: $SLTD P/S ratio 3.6 + 100% sales growth. Compare to $VSLR and $SCTY and you know @Solar3D is VERY undervalued- more @ ht…
BestMicrocaps
27 Mar 15 10:11:20
$SLTD P/S ratio 3.6 + 100% sales growth. Compare to $VSLR and $SCTY and you know @Solar3D is VERY undervalued- more @ http://t.co/dEKdKEY8Km
SmallCaps
27 Mar 15 10:10:30
Tip #4 How to identify a HOT SECTOR? http://t.co/ewe2BDWPGF $HIMX $SCTY $HAL $UUP $CRUS $ESRX
Dan Forman
27 Mar 15 09:35:53
$tsla beaten up but starting to get interesting. P/e is still ridiculous though. $scty will be musks trillion $ company not tesla
Dan Forman
27 Mar 15 09:30:34
I still love $scty market is holding this down with oil but I'm averaging down at these levels. Too too cheap for their massive growth
4-traders.com
27 Mar 15 08:59:05
#SolarCity : says it will hire 300 new employees in sales http://t.co/9Uj2ixOKhD $SCTY
DK1
27 Mar 15 08:55:15
$SCTY crappy lotto from 2 days ago..
Alexander Morris
27 Mar 15 08:45:33
$SCTY: Exc 1DyHIGH=50.22, hits:3, ch:+0.3%, 7:1Accel+, tf:1000111, medFlt:46M, HiPctSht[42%:8d], oPop+[+1.0%], DyVol:527T:0.4x:0.2x
John Turner
27 Mar 15 08:34:30
$SCTY Why SolarCity Corp Stock Jumped 11% Monday http://t.co/tDgtWCCjP1
lottiee
27 Mar 15 08:31:50
RT @ACInvestorBlog: $FSLR $SCTY $YGE $TSL $CSQI $SOL $JASO California is first state with 5% of its electricity from solar http://t.co/FGYO…
Sheets
27 Mar 15 07:57:20
@JigarShahDC Love the VT tweet. Love the idea of $2.5/w resi. I’ve been chasing that for years. $3.50+ in VT. No $SCTY nor $NRG here
BestMicrocaps
27 Mar 15 07:56:11
Read why $SLTD is a STRONG BUY in high growth #solarstocks @ http://t.co/dEKdKEY8Km $SCTY $VSLR
ProVesting
27 Mar 15 07:46:03
$VSLR $SCTY: Small Cap Real Goods Solar (RGSE) Earnings Report: Can Shares ...: http://t.co/B44O6xNAFj
Katy
27 Mar 15 07:41:39
$scty..50.01..$plug..2.62..look up.
Chris & Donna Jensen
27 Mar 15 07:24:30
Good News, Solar Firms Pursue Battery Microgrids http://t.co/ETvFl09oe3 #IBDNews via @IBDinvestors $SCTY $TSLA $SUNE $ABB
♛
27 Mar 15 07:10:25
"THE ENTIRE MARKET IS RUNNING? NO. WE DONT WANT TO. WE WANT TO ONLY MOVE UP .2 TODAY 😛😛" -$SBUX, $AAPL, $AXP, $TIF, $SCTY, $BBBY Pests.
Option Millionaires
27 Mar 15 06:26:37
RT @UPBOptionMil: Friday Morning Market Video - http://t.co/O1NgBD5U7z Covering $SPY $QQQ $IWM $TWTR $AAPL $GPRO $SSYS $DDD $SCTY
UPBOptionMil
27 Mar 15 06:25:02
Friday Morning Market Video - http://t.co/O1NgBD5U7z Covering $SPY $QQQ $IWM $TWTR $AAPL $GPRO $SSYS $DDD $SCTY
SECFilings
27 Mar 15 06:24:31
Charging Forward: $BLQN Targets Lithium Energy Storage Systems http://t.co/vemP8welc1 $SCTY $ENS
Breaking News Now
27 Mar 15 06:24:03
$SCTY: SolarCity Expects to Hire 300 New Employees with Roseville Office ...: http://t.co/um5jMyEKPc
Gr8wklyoptions
27 Mar 15 06:06:33
$SCTY $SLB $SPY $TLT $TSLA $TWTR $USO $V $VXX $WBA $XOM $YHOO
HowDoBatteriesWork
27 Mar 15 05:43:54
Samsung, Tesla, Solar Firms Pursue Battery Microgrids http://t.co/FBY5k9O6NP #IBDNews via @IBDinvestors $SCTY $TSLA $SUNE $ABB
Capital Market Labs
27 Mar 15 05:13:29
$SCTY, $FSLR, $AMRC, $GNRC Revenue Trend Comparison Chart: http://t.co/keZLQCl1oq
				
				
By  +Follow September 16, 2013 12:48PM
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