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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
STOCKER
26 Apr 15 13:08:15
Tesla To Announce Battery-Based Energy Storage For Homes http://t.co/WHVbZnvqvR $TSLA $SCTY #BULLISH #INVESTING #ENERGY
SCTY Watcher
26 Apr 15 13:03:18
RT @CML_VisualFeed: $SCTY Free Cash Flow is Deteriorating. #CML_SCTY #CML_Free_Cash_Flow http://t.co/xCKAOuXN2f http://t.co/GnpSwUSNkZ
Capital Market Labs
26 Apr 15 13:02:56
$SCTY Free Cash Flow is Deteriorating. #CML_SCTY #CML_Free_Cash_Flow http://t.co/xCKAOuXN2f http://t.co/GnpSwUSNkZ
JMS
26 Apr 15 12:52:55
$AMD $SCTY $KNDI $TSLA http://t.co/lHooZgJPep
Trading Alpha
26 Apr 15 11:29:11
$VRSK, $VFC, $URBN, $TSLA, $SCTY, $F, $EFX, $DPS, $DHI $NUGT $DE $CSX $CMG $AMZN $ACT $ABT $HOLX Entries and Levels https://t.co/L2A7ASCiTU
option writer
26 Apr 15 11:17:33
$SCTY chart https://t.co/6IEbkVXRtj it can go higher on tsla news? @cnbc @nasdaq #stocks #options
Ophir Gottlieb
26 Apr 15 11:15:44
$SCTY Assets are Increasing. #CML_SCTY #CML_Assets http://t.co/KrAysNB82X http://t.co/kO1ALXXWnw
SCTY Watcher
26 Apr 15 11:07:34
RT @Ziggityzola: Lookin 2 get some far OTM $SCTY May 72.5C's for cheap.have a great R/R imo,2 possible catalyst (battery/earnings)create bi…
DJR
26 Apr 15 11:02:27
$scty@sa_alerts
Jeremy Arizola
26 Apr 15 10:57:01
Lookin 2 get some far OTM $SCTY May 72.5C's for cheap.have a great R/R imo,2 possible catalyst (battery/earnings)create big upside potential
PennyStock Zone
26 Apr 15 10:25:32
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6esv0n $HIMX $SCTY $HAL $UUP $CRUS $ESRX
Asantha Cooray
26 Apr 15 09:23:57
Given the ability of Musk tweets to move SP, $TSLA $SCTY holders should be glad hack was over the wknd, but have to wonder reasons behind it
SCTY Watcher
26 Apr 15 08:11:41
RT @NASDAQODUK: $SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/kR1R47XZBj
NASDAQ
26 Apr 15 08:06:59
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/kR1R47XZBj
john smith
26 Apr 15 08:06:39
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/ic4VCQl4ZP
StockNews
26 Apr 15 08:06:26
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/ucYrEwZVPT
Solo traders
26 Apr 15 08:06:24
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/M3gG8WNQXm
Solo traders
26 Apr 15 07:16:42
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/KxSGgc4Y2r
NASDAQ
26 Apr 15 07:16:36
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/8Aum9gevmS
StockNews
26 Apr 15 07:16:11
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/2DXG8ccMG0
john smith
26 Apr 15 07:16:08
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/dNVTPVdLU0
ProTradersNews
26 Apr 15 07:13:08
$SCTY: How 3 Silicon Valley Billionaires Could Change the Face of Energy: http://t.co/2I3oaN8dOG
Alexander Fernandez
26 Apr 15 05:58:47
$TSLA still confused who is going to benefit from the battery is it going to be $SCTY or TSLA?? SCTY stock has been on a tear.
StockNews
26 Apr 15 05:51:10
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/xBteAPBh6a
john smith
26 Apr 15 05:51:08
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/cjdosxyPAW
Solo traders
26 Apr 15 05:51:07
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/2TFiyuLdUj
NASDAQ
26 Apr 15 05:51:06
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/t7HHOkpCgl
ThomP
26 Apr 15 04:24:00
Apple To Tesla: What To Expect In The Coming Week http://t.co/GFaByRNzen #IBDNews via @IBDinvestors $AAPL $FSLR $SPWR $TSLA $SCTY
Smaksked Skåne AB
26 Apr 15 02:11:12
DFJ - CNN: Great photos of Earth from the world's smallest satellites "doves" http://t.co/AQNo8oBuTl $TSLA $SCTY $EBAY #VC #Tech #satellite
Smaksked Skåne AB
26 Apr 15 01:57:36
DFJ - Planet Labs Nabs $95 Million... http://t.co/CIZByHB94A via @techcrunch $TSLA $SCTY $EBAY #VC #finance #Tech #doves #satelite
PennyStock Zone
26 Apr 15 01:31:38
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6esv0n $HIMX $SCTY $HAL $UUP $CRUS $ESRX
ClosingBell
25 Apr 15 22:43:15
Richie Hrncir gave $SCTY a HOLD rating & has a 100% success rate w/ an avg return of 1.13% in this sector https://t.co/9pjbKhvfLW
Mike Gonzales
25 Apr 15 22:40:40
$tsla and $scty Sell marked on multitudes of downgrades.....
Scott Spencer
25 Apr 15 19:07:16
$TSLA $218 $SCTY $60 introducing a home battery system next week that's an uninterruptible power supply in blackouts. http://t.co/bk84uTqjXJ
Stock_Huntress
25 Apr 15 18:35:33
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PennyStock Zone
25 Apr 15 17:31:28
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6esv0n $HIMX $SCTY $HAL $UUP $CRUS $ESRX
Stocks News&Markets
25 Apr 15 16:00:13
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Stock_Huntress
25 Apr 15 13:56:20
Fous4x2 #daytrading DVD review: http://t.co/MPvfbaOUxR $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP
James DiPlata
25 Apr 15 13:32:22
RT @GEQSense: Post: ‘What Me Worry?’ -> http://t.co/qpUVzcSdzA <- $aapl $nflx $tsla $eurusd $es_F $spy $googl $amzn $scty $Tsla $qqq $acad
Bryan pasaribu
25 Apr 15 13:24:14
#KCA #VoteJKT48ID Benzinga: Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA
Anthony
25 Apr 15 13:22:49
RT @Benzinga: Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA http://t.co/SEjlkbMsfz
Quantpost Technology
25 Apr 15 13:19:13
$SCTY News: "Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG …" http://t.co/wqeLcH3tqf Analyze: https://t.co/eoippl9FTG
Benzinga.com
25 Apr 15 13:19:00
Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA http://t.co/SEjlkbMsfz
Ben
25 Apr 15 13:14:23
One more push before earnings? $SCTY http://t.co/NcV9eeghOG
Seeking Alpha Alerts
25 Apr 15 12:55:15
@gavin2478 $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Seeking Alpha Alerts
25 Apr 15 12:55:15
@IREEDUIRUU $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Seeking Alpha Alerts
25 Apr 15 12:55:15
@SweTechInvestor $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Gavin Martinsson
25 Apr 15 12:31:46
Post: ‘What Me Worry?’ -> http://t.co/qpUVzcSdzA <- $aapl $nflx $tsla $eurusd $es_F $spy $googl $amzn $scty $Tsla $qqq $acad
igor Bracislacislav
25 Apr 15 11:40:06
RT @SeekingAlpha: The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cOWFzqLvkU $SCTY $VSLR
Bill Stoller
25 Apr 15 11:24:02
Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY http://t.co/5BZvLAH0tJ via @benzinga #Solar #Energy #Grid
				
				
By  +Follow September 16, 2013 12:48PM
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