logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Solar Stocks on the Rise

By  +Follow September 16, 2013 12:48PM
Share:
Tickers Mentioned:

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)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for SCTY
Quantpost Technology
23 Oct 14 22:26:11
$SCTY News: "SolarCity's Value $SCTY …" http://t.co/k4uCiKu1jx Board view: https://t.co/BImkrXVyFW
Seeking Alpha
23 Oct 14 22:26:09
SolarCity's Value http://t.co/2OXiOiSGjM $SCTY
Hereitfirst
23 Oct 14 21:21:41
why I'm holding and buying the dips on $YELP $DDD $SCTY $ONCI $STOA $APHD http://t.co/uTZpFW8a4K
OTPicks.com
23 Oct 14 21:20:00
http://t.co/hjgLwIcNgz DennyT: V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy: DennyT http://t.co/3o4vRC8bnd http://t.co/hjgLwIcNgz
Quantheta
23 Oct 14 16:00:02
#SENTISHIFTDOWN $NBG $ATVI $GOLD $GDX $SCTY $OIL $PLUG $DRL $IBM $T #quantheta
Stock Relay
23 Oct 14 15:52:20
$SCTY Volume Click Here: http://t.co/ZqUwjjdvXU Also See: $CSCO $MNKD $UPRO $TWM ~
Quantheta
23 Oct 14 14:00:03
#SENTISHIFTDOWN $NBG $GOLD $SCTY $OIL $ATVI $DRL $GDX $Z $UBNT $KO #quantheta
Penny Stock Secret
23 Oct 14 13:31:47
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/AJZWTGD3tb .. $IESC $SCTY $CPLP
Long-Short Hedgie
23 Oct 14 12:32:54
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Stock Relay
23 Oct 14 11:36:14
wininstocks2014: Stock Charts: SCTY 54.30 Stock Charts $SCTY SolarCity Corp. http://t.co/z7H1Lk8x7J
wininstocks2014
23 Oct 14 11:33:27
SCTY 54.30 Stock Charts $SCTY SolarCity Corp. (NASDAQ) Last Updated: 10/23/2014 13:33:27 SCTY Stock Chart - 1 http://t.co/7KDBEYMpLa
Brynne Parrott
23 Oct 14 11:26:34
@JESMCT Thks. Reality is $SCTY really shouldn't be effected by oil since it replaces electric (coal) but mkt isn't always rational
Investors Hangout
23 Oct 14 11:20:19
DennyT: YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP http://t.co/zGx6v4i5u4
Investors Hangout
23 Oct 14 11:20:15
DennyT: YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP http://t.co/r7NDBsQyBA
Quantpost Technology
23 Oct 14 11:13:10
$SCTY News: "Enphase Energy Shines In The Solar Space $SCTY $ENPH …" http://t.co/O8N3kq082h Board view: https://t.co/84pDWtaKyy
Seeking Alpha
23 Oct 14 11:13:08
Enphase Energy Shines In The Solar Space http://t.co/3uEYzVs5CJ $SCTY $ENPH
DennyT
23 Oct 14 11:06:50
YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP Buy or Sell Opinion,TA,Open,Recent Headlines,Getting Interest http://t.co/VpCNIUnqKk
lookn4wins
23 Oct 14 10:57:53
$SH Daily Chart $SH Most recent stock chart and technical analysis. $PCLN $EWZ $MYEC $WJA.TO $SCTY $UA http:// http://t.co/NuQPULIh4t
Becky Hiu
23 Oct 14 10:49:47
$SCTY breaking out ... haha things are not working for me today.
Investors Hangout
23 Oct 14 10:43:43
chartguy89: SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/xMoMIZ0W6j
Investors Hangout
23 Oct 14 10:43:39
chartguy89: SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/qI4dO9ETqE
chartguy89
23 Oct 14 10:39:05
SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/3vUo3KjSy9 http://t.co/Bo8CO4z6Qe
Quantheta
23 Oct 14 10:00:00
#SENTISHIFTDOWN $GOLD $SCTY $MNKD $GLUU $BA $PLUG $KO $XLE $PRLB $YELP #quantheta
Hot Stocks.NYC
23 Oct 14 09:56:27
Stocks NOT acting right: $BIDU $PG $CAB $SCTY $DECK $ZOES $UTHR | #GetRight
Becky Hiu
23 Oct 14 09:38:57
Cluster EMAs/MAs resistance here. Shorted 55/58 Nov CS long 50 puts. $SCTY http://t.co/f0VEJxMs4P
Becky Hiu
23 Oct 14 09:33:49
Commented on StockTwits: Your $SCTY didn't participate at all in this rally... I am shorting it now http://t.co/m0yHILCf20
Daily Contracts
23 Oct 14 09:23:01
Real-Time feed of company contracts, original agreements and executive updates from SolarCity $SCTY http://t.co/PcE4lYUk6i
Hector
23 Oct 14 09:22:22
$scty is setting up for a big move #tothemoon
Investors Hangout
23 Oct 14 09:17:48
DennyT: SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy http://t.co/a5kervTByg
Investors Hangout
23 Oct 14 09:17:46
DennyT: SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy http://t.co/OHcBa2PK00
DennyT
23 Oct 14 09:08:16
SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy or Sell?,Volume,Current Price,Headlines,On Watch Stock Quote h http://t.co/HWnmHTIOi8
Jerry Efremides
23 Oct 14 09:05:46
STRATEGY ALERT: Holding onto undrprfrming $SCTY & $TWTR while the mkt makes higher highs is called #HOPE You'll also need #LUCK, so pray.
leahanne
23 Oct 14 09:04:38
$ZAZA Zaza Energy Corp (ZAZA) 3.78 -0.37 (-8.92%) $BAC $FB $SCTY http://t.co/rH02HaXYP9
Brendan Oak
23 Oct 14 09:02:03
RT @InsiderWire: $SCTY | SolarCity Corpora is down 26% since we reported $8,642,575 of insider selling on 09/08/2014. Did you ... - http://…
InsiderTradingWire
23 Oct 14 09:01:02
$SCTY | SolarCity Corpora is down 26% since we reported $8,642,575 of insider selling on 09/08/2014. Did you ... - http://t.co/kKaAvvoXak
Stock Moo
23 Oct 14 08:55:11
$scty: Chinese solar-panel makers race to fill orders http://t.co/DsLOudzTFn
Investors Hangout
23 Oct 14 08:46:40
DennyT: V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy http://t.co/Cc4X98KaKR
Investors Hangout
23 Oct 14 08:46:39
DennyT: V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy http://t.co/ZKMhoZdEJU
Brynne Parrott
23 Oct 14 08:46:19
Beta stocks $MBLY $DDD $SCTY aren't trading well. Anybody with any insight why???
Investors Hangout
23 Oct 14 08:40:31
chartguy89: DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/l9of0QwkmL
Investors Hangout
23 Oct 14 08:40:30
chartguy89: DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/GJT6pDKINk
Gregory Bent
23 Oct 14 08:39:59
Chinese solar-panel makers race to fill orders http://t.co/BXJQbX6u7A $TAN $FSLR $SCTY $SPWR
DennyT
23 Oct 14 08:31:51
V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy or Sell Opinion,200 Simple Moving Average,Close,News,any other http://t.co/WNa6hDQR3Q
chartguy89
23 Oct 14 08:28:33
DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/DtjFyoiPhN http://t.co/LOaVvUsjiw
Jerry Efremides
23 Oct 14 08:26:28
$TWTR thats 5 lower highs... 10 gets us....wha? #sell #stop #short $SCTY #momo indigestion showing ....
Jake13
23 Oct 14 08:08:40
$LMT Opinion Today Click here to find out if $LMT is a buy hold or sell. Watching these stocks. $SCTY $XLB $EP http://t.co/k6GjE4Wq8C
ClosingBell
23 Oct 14 08:08:11
On average, 14 people give $SCTY a Buy rating. 5 people think the price is headed to 75.23 (+41.14%) http://t.co/cdu5FK4Tmg
Точка Входа.Трейдинг
23 Oct 14 08:05:39
$SCTY short 52.49
Quantheta
23 Oct 14 08:00:00
#SENTISHIFTDOWN $MNKD $GOLD $SCTY $XLE $BA $T $GLUU $IBM $BIDU $TLT #quantheta
Investors Hangout
23 Oct 14 07:52:34
clayton: $SCTY 54 http://t.co/O2JRqZKKDF
				
				
By  +Follow September 16, 2013 12:48PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.