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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)

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.


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Results for SCTY
leahanne
22 Oct 14 06:47:26
$C Citigroup Inc (C) 51.37 +0.10 (+0.20%) $AAL $SCTY $RIG http://t.co/zdv0XJjFZK
Michael Caruso
22 Oct 14 06:43:54
@jimcramer have the solar stocks bottomed, looking to add to $scty here with earnings report.
Alex Galan
22 Oct 14 05:43:51
Solar Industry-Related Must-Reads: $TSL $SPWR $FSLR $YGE $SCTY http://t.co/TenC7xpYHE
Stock Moo
22 Oct 14 04:54:16
$scty: Big utilities pushing into booming home solar market http://t.co/rUnAvbbN6h
Anthony
22 Oct 14 02:43:54
RT @WallStJesus: $SCTY sweep 1177 SCTY Nov14 55.5 Calls $4.60  ASK
CDM Capital LLC
22 Oct 14 02:35:28
$SCTY: 2 Near-Term Catalysts http://t.co/IGMeK1iEQZ via @ValueWalk >> $GS must be wanting some underwriting biz from $SCTY #lousycatalyst
Noah
21 Oct 14 21:59:31
RT @Hereitfirst_: Holding $FNMA $SCTY $ONCI $STOA $PLKD. All old positions except $PLKD. Loaded today at .0002. More on positions at http:/…
Hereitfirst
21 Oct 14 21:48:32
Holding $FNMA $SCTY $ONCI $STOA $PLKD. All old positions except $PLKD. Loaded today at .0002. More on positions at http://t.co/uTZpFW8a4K
Hereitfirst
21 Oct 14 21:09:39
how to trade $SCTY $VSR $SPY $TSLA $DRL $NFLX $GOOGL $AMZN $CYBR $BIDU $AAPL $SPY $LAKE http://t.co/uTZpFW8a4K
Hereitfirst
21 Oct 14 21:08:34
http://t.co/943LH3XrhD Verified $19.90 profit in $SCTY uhhhhhh
bluearrowcharts
21 Oct 14 20:32:37
$SCTY http://t.co/pv0gjBJCZq http://t.co/oBfZFm07p9
TickerChirp
21 Oct 14 20:29:02
Popular Tweets Concerning $SCTY (Solarcity Corp symbol SCTY) on 10/22/2014 http://t.co/hf3kO0K61M
Small Cap Strategist
21 Oct 14 18:24:42
SolarCity $SCTY & Vivint Solar $VSLR dominating US home solar power - http://t.co/czanfOJ6Hm #solar
Joseph Rothenberg
21 Oct 14 15:57:34
@jimcramer what do you think about $SCTY $CSIQ $TSL @MadMoneyOnCNBC #madmoney
Alpha Maven
21 Oct 14 14:40:26
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Becky Hiu
21 Oct 14 14:31:41
50/200 DMA C/O. 20 DMA overhead here. See whether this has legs. $SCTY http://t.co/RoEiXDlATf
John P Reese/Validea
21 Oct 14 14:25:39
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Pzaa...Guy
21 Oct 14 14:25:20
$SCTY - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/TYfZnwtnSE
StockNews
21 Oct 14 14:25:19
$SCTY - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/kdZPXSbWDB
Solo traders
21 Oct 14 14:25:16
$SCTY - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/tlR6rBiYrb
NASDAQ
21 Oct 14 14:25:15
$SCTY - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/oKNVuwalHo
john smith
21 Oct 14 14:25:14
$SCTY - Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) http://t.co/wCkz8Hrhty
Trader Club Tirol
21 Oct 14 12:47:49
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
O T P i c k s . com
21 Oct 14 12:18:17
http://t.co/oHSUax81PW dDT : $SCTY up 4% http://t.co/NSSXSlIDNX http://t.co/oHSUax81PW
OTPicks.com
21 Oct 14 12:18:12
http://t.co/ceoRbQvp9t dDT : $SCTY up 4% http://t.co/MjQBzQG4PQ http://t.co/ceoRbQvp9t
OTPicks.com
21 Oct 14 12:18:10
http://t.co/y9vrMnuZrk dDT : $SCTY up 4% http://t.co/WT9LEFpdqH http://t.co/y9vrMnuZrk
OTPICKS.COM
21 Oct 14 12:18:08
http://t.co/RbJ4Ap16l1 dDT : $SCTY up 4% http://t.co/rEbcugUUZr http://t.co/RbJ4Ap16l1
OTPicks.com
21 Oct 14 12:18:06
http://t.co/UUQeeS6eNk dDT : $SCTY up 4% http://t.co/t6Kwl2U7UT http://t.co/UUQeeS6eNk
OTPicks.com
21 Oct 14 12:18:04
http://t.co/rruxxRYVwc dDT : $SCTY up 4% http://t.co/rybVhAmwCl http://t.co/rruxxRYVwc
On Time Picks
21 Oct 14 12:18:03
http://t.co/ZO8wg1ovu2 dDT : $SCTY up 4% http://t.co/jlYsmAhPal http://t.co/ZO8wg1ovu2
Lauren Holmes
21 Oct 14 12:17:30
$FSLR or $SCTY, which one you think is best? Read our analysis here http://t.co/IhJaUAjPfb
Hereitfirst
21 Oct 14 12:14:58
RT @Benzinga: Bank Of America Sees #Solar As 'Prime Buying Opportunity' $SCTY $SPWR $SUNE http://t.co/tU3D2Ukd8T
Hereitfirst
21 Oct 14 12:14:43
RT @BiotechMoney18: $SCTY can we just bust through $55 w/ volumes tomorrow? Chart is getting more & more bullish each day.
US_proptrader
21 Oct 14 12:06:37
$ACHN $APT $EXAS $GILD $LAKE $NOG $SCTY $SPWR $TPLM autocharts @ http://t.co/hj7PGeTQk3
FinanzLinksUSA
21 Oct 14 12:01:22
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Vuru
21 Oct 14 11:56:46
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Melissa Lee
21 Oct 14 11:56:30
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Bespoke
21 Oct 14 11:55:33
The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $ILMN $SHLD $RCL $GLNG
YourPersonalTrader
21 Oct 14 11:40:01
Day 3 rip call--QNET 'momo' over $IWM $FB $TWTR $SCTY $YY $MBLY $DATA $CRM $GOOG $CSTE $AAPL http://t.co/DayJUoubVr http://t.co/8KCYKU4cTK
BigBoardScans
21 Oct 14 11:38:33
dDT : $SCTY up 4% < link back http://t.co/fDkiXb0bh8
$$$ Money $$$
21 Oct 14 11:36:34
$TAN $SCTY $SUNE $CSIQ solar is back & hot hot hot today
Sean Moran
21 Oct 14 11:27:50
RT @fobmanny: Post Alibaba, '14 IPO Rocket Ride Losing Thrust http://t.co/8fTDUOK9Dz $BABA $FEYE $GPRO $MBLY $ZAYO $HTGC $FUEL $VSLR $SCTY …
FOBManny
21 Oct 14 11:18:41
Post Alibaba, '14 IPO Rocket Ride Losing Thrust http://t.co/8fTDUOK9Dz $BABA $FEYE $GPRO $MBLY $ZAYO $HTGC $FUEL $VSLR $SCTY $MOLG $XENE $DM
DataLend
21 Oct 14 11:00:16
SolarCity $SCTY 95% utilized, fees to borrow trending higher again recently #securitieslending http://t.co/Fmou0509PI
JE$US
21 Oct 14 10:54:52
$SCTY sweep 1177 SCTY Nov14 55.5 Calls $4.60  ASK
SH
21 Oct 14 10:51:55
$SCTY opening sweep 1177 SCTY Nov14 55.5 Calls $4.60 Ask
BacardiTrader
21 Oct 14 08:22:13
$YGE ha dado 25% desde sus minimos de hace unos dias $Scty +18% y lo q les podria faltar =) @cesarmosko
4-traders.com
21 Oct 14 04:10:15
SolarCity : Announces Date and Conference Call Details for Third Quarter 2014 Earnings Report http://t.co/Paa2TOEBLS $SCTY
FonsieTrader
21 Oct 14 04:06:37
Bullish MACD Crossovers 3/4 $MLNX $MWV $ODP $POST $PPG $PPL $RLGY $RKT $RYL $SALT $SCTY $SINA $SNE $SPLS http://t.co/s143DF9W5H
Adene Andreassen
21 Oct 14 03:55:24
RT @InvestProfits: SolarCity Corporation (SCTY) Up 20,55% in Volume http://t,co/q6L04oLUNb $SCTY #investor #stocks
				
				
By  +Follow September 16, 2013 12:48PM
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