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.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for SCTY
Stock Headlines
29 Aug 14 18:45:19
$SCTY: SolarCity Corp (SCTY): Secondary Offering Likely By Year End http://t.co/V2g68ysB7U http://t.co/3mtpzTq1NS
PennyStock Zone
29 Aug 14 18:20:05
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Q6vtkuSPbk $CNAT $SCTY $ECYT
URLU.ME
29 Aug 14 16:37:38
RT @AsianOptionGirl: $SCTY now a current chart explaining 13.5% downtrend since 08/08 earnings. SCTY vs $SPY $STUDY http://t.co/z1huxCFLQx
Samantha Lee
29 Aug 14 16:25:42
$SCTY now a current chart explaining 13.5% downtrend since 08/08 earnings. SCTY vs $SPY $STUDY http://t.co/z1huxCFLQx
OTPicks.com
29 Aug 14 15:55:57
http://t.co/hjgLwIcNgz Jake13: $SCTY Opinion Today Click here to find out if: Jake13 http://t.co/HPHhsWtxB7 http://t.co/hjgLwIcNgz
OTPicks.com
29 Aug 14 15:55:55
http://t.co/QkCFZ8H3V8 Jake13: $SCTY Opinion Today Click here to find out if: Jake13 http://t.co/Q1hhf0cCVX http://t.co/QkCFZ8H3V8
PennyStock Zone
29 Aug 14 15:47:02
Multimillionaire trader SUPERTRADES and his EASY to replicate strategy can make you money! http://t.co/Q6vtkuSPbk $CNAT $SCTY $ECYT
Vivek
29 Aug 14 14:39:46
RT @WallStJesus: $SCTY another 527 Apr $70 calls bought here for 12.86 -- 4010 now traded
Bobby, Alliances
29 Aug 14 14:12:39
RT @WallStNYC: These tech stocks are looking #bubbly $VIPS $TSLA $SCTY $XONE $VJET $ONVO #ANYIPO $QQQ $IWM $SPY $VXX Would not be surprised…
Biz Headlines
29 Aug 14 13:45:24
$SCTY: Splunk Surging 20% As New Customers Boost Revenue And Outlook http://t.co/fcxcvQ95DB http://t.co/6hzkoAtGYu
Bruce J Moschella
29 Aug 14 13:22:00
$SCTY 440 Minute Update http://t.co/qSDGzIlBkn
ur-trading
29 Aug 14 12:56:46
Cerrar Corto $SCTY @68.70 (+1.8%) http://t.co/czFExgUTd3
Fiberton
29 Aug 14 12:52:32
RT @smtraderCA: have a great labor day weekend everyone! $SPX $AAPL $FB $TWTR $SCTY
Raffi Sosikian
29 Aug 14 12:51:34
RT @BenCBanks: $SCTY still relatively weak, wouldn't be surprised to see a pull-in to the 66.50ish level.
smtrader StockTrader
29 Aug 14 12:50:16
have a great labor day weekend everyone! $SPX $AAPL $FB $TWTR $SCTY
Samantha Lee
29 Aug 14 12:47:42
"@BenCBanks: $SCTY still relatively weak, wouldn't be surprised to see a pull-in to the 66.50ish level."
Ben C. Banks
29 Aug 14 12:47:06
$SCTY still relatively weak, wouldn't be surprised to see a pull-in to the 66.50ish level.
Bulls vs Bears
29 Aug 14 12:45:24
$SCTY: SolarCity, SunEdison, First Solar Are Sky-High But That Could End Tomorrow http://t.co/GUEx5zXMQ1 http://t.co/D2hhIDrGtc
TLT
29 Aug 14 12:39:04
If $SCTY closes below 68.50, look for gap down on Tuesday.
TLT
29 Aug 14 12:37:29
RT @AsianOptionGirl: $SCTY uh oh
Samantha Lee
29 Aug 14 12:36:55
$SCTY uh oh
Daily Contracts
29 Aug 14 12:27:01
Real-Time feed of company contracts, original agreements and executive updates from SolarCity $SCTY http://t.co/4DLVQtbdTO
Anacott Steel
29 Aug 14 12:21:10
The way many issues are trading, feels like a flush is coming next week. Complacency wreaks. $BIDU $QIHU $VIPS $FSLR $SCTY $GILD #trading
DC
29 Aug 14 12:12:44
These tech stocks are looking #bubbly $VIPS $TSLA $SCTY $XONE $VJET $ONVO #ANYIPO $QQQ $IWM $SPY $VXX Would not be surprised to see 20% drop
URLU.ME
29 Aug 14 11:54:46
RT @BiotechMoney18: $SCTY nice flushed, took out my stopped on this one for loss. Will try again next week.
Samantha Lee
29 Aug 14 11:50:18
RT @BiotechMoney18: $SCTY nice flushed, took out my stopped on this one for loss. Will try again next week.
Samantha Lee
29 Aug 14 11:47:33
$SCTY running up against resistance at $68.50 yesterday and today. If it breaks, watch out. Going into a 3-day wknd with geopolitical unrest
Business News
29 Aug 14 11:45:20
$SCTY: SolarCity Corp (SCTY): Secondary Offering Likely By Year End http://t.co/PLxt84QV4W http://t.co/eSeE8OXUgH
$$$ Money $$$
29 Aug 14 11:29:20
$SCTY nice flushed, took out my stopped on this one for loss. Will try again next week.
T3 Trading Group
29 Aug 14 11:17:47
RT @AdamNadler1: Weak stocks in this market that I will be looking to short next week when I return $wynn $lvs $kors $scty
Adam Nadler
29 Aug 14 11:17:28
Weak stocks in this market that I will be looking to short next week when I return $wynn $lvs $kors $scty
Joe Hentges
29 Aug 14 11:14:41
New video analysis update on $VLO $WFM $SCTY $TSLA http://t.co/3z1KuvW5rc #stocks #stockmarket #Solar #Tesla
Samantha Lee
29 Aug 14 10:41:54
$SCTY KNDI lost 8% b/c co diluted $25MM in shares. Imagine what happens when SCTY dilutes $450MM to $1.5B to pay for Silevo build out.
Raffi Sosikian
29 Aug 14 10:04:56
RT @BPGAG: Intraday relative weakness in Solar Ciry continues - someone will not take their foot off its throat - usually means flush is co…
Tina bedell
29 Aug 14 10:02:20
RT @MarahallP: $SWET another article written today!!! $FSLR $SCTY $TAN #alternativeenergy #gogreen #jobs #jobcreation #innovative http://t…
Timmy! Boutillier
29 Aug 14 09:48:08
$SCTY She's like a wounded animal ready to be put down
TLT
29 Aug 14 09:46:08
$SCTY starting to slip here. If it loses yesterday's low, could get ugly. Nasty monthly candle here. Looking down.
Biz News Pioneer
29 Aug 14 09:45:21
$SCTY: SolarCity Corp (SCTY) Sees Leverage In Expenses http://t.co/5U3wFgdLty http://t.co/t6QpBRDIZR
Chet Stedman
29 Aug 14 09:44:02
$SCTY ruh roh..gonna go red
Investors Hangout
29 Aug 14 09:18:51
DennyT: TASR Recent News $TASR $VALE $GILD $SSYS $SCTY http://t.co/Jojxf9pyda
Investors Hangout
29 Aug 14 09:18:48
DennyT: TASR Recent News $TASR $VALE $GILD $SSYS $SCTY http://t.co/HREPjfo2bK
Anacott Steel
29 Aug 14 08:49:36
Intraday relative weakness in Solar Ciry continues - someone will not take their foot off its throat - usually means flush is coming. $SCTY
Investors Hangout
29 Aug 14 08:46:53
Jake13: $SCTY Opinion Today Click here to find out if http://t.co/1HjHpxc9fX
Investors Hangout
29 Aug 14 08:46:50
Jake13: $SCTY Opinion Today Click here to find out if http://t.co/mBc0XP8epY
Financial News
29 Aug 14 08:45:25
$SCTY: SolarCity Corp Given Consensus Rating of "Buy" by Brokerages (NASDAQ:SCTY) http://t.co/dAYD2VGfkf http://t.co/RDJSkjfJ1o
Extreme Stocks
29 Aug 14 08:39:30
Jake13: $SCTY Opinion Today Click here to find out if http://t.co/KxcaHYFYJJ
Jake13
29 Aug 14 08:36:56
$SCTY Opinion Today Click here to find out if $SCTY is a buy hold or sell. Watching these stocks. $DUST $OTIV http://t.co/Y2ei1GHDli
Investors Hangout
29 Aug 14 08:15:47
DennyT: MNK Recent News $MNK $HCLP $ARWR $TNA $SCTY http://t.co/VUvUQelJHQ
Investors Hangout
29 Aug 14 08:15:47
DennyT: MNK Recent News $MNK $HCLP $ARWR $TNA $SCTY http://t.co/mJq3CWubCl
Kristin
29 Aug 14 08:14:41
$SCTY beauty tight flag on 60min, looks to run higher.$SPY not dying anytime soon,EU hedgfunds just dumped their EU pos & BTD US stocks ;)
				
				
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.