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Solar Stocks on the Rise

By  +Follow September 16, 2013 12:48PM
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)

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Results for SCTY
28 Nov 15 06:37:34
GE General Electric Co. Shares https://t.co/1vos5uMxu1 $GE $CMGO $SCTY $KMI #GE #stock #pennystocks
Musk Bucks
28 Nov 15 05:59:18
Confidence is slipping for @solarcity. $SCTY https://t.co/hv3htH755U
Rosner Stocks
28 Nov 15 05:03:39
$SOXL Stock Message Board Updated Saturday, November 28, 2015 07:59:28 AM $V $TWMJF $SCTY $SWKS https://t.co/QCeeOgsgAY
Susie Atcheson
28 Nov 15 02:07:49
RT @tymorapro: $SCTY: At 1DyHIGH=29.46, hits:1, ch:+0.7%, tf:0111111, medFlt:50M, HiPctSht[54%:6d], DyVol:25T:0x:0x, DyRng:0.7%:0.2x:0.1x; …
Rosner Stocks
28 Nov 15 02:00:38
$TIP Recent News Updated Saturday, November 28, 2015 03:59:24 AM $DUST $XLV $XIV $SCTY https://t.co/bjMMX8BMQC
28 Nov 15 01:59:09
$CTLE Short Sales Updated Saturday, November 28, 2015 04:07:03 AM $VTI $SCTY $COST $XLB https://t.co/XuufjlYX5B
28 Nov 15 01:59:09
$IBB Last Price Updated Saturday, November 28, 2015 04:07:03 AM $DBC $SCTY $CRM $NATI https://t.co/xAueStFYEb
The Legacy News
28 Nov 15 01:21:53
SolarCity Corp Stock Price Up 3.6% $SCTY https://t.co/5FeXpAdgtP
Ticker Report
28 Nov 15 01:16:22
SolarCity Corp Stock Price Up 3.6% $SCTY https://t.co/pFhNNw8Zub
US Banking News
28 Nov 15 01:14:20
SolarCity Corp Stock Price Up 3.6% $SCTY https://t.co/k8i7WTUcsB
28 Nov 15 01:07:20
$SCTY: SolarCity Corp Stock Price Up 3.6% (SCTY): https://t.co/lJP3E3D9ls
Rosner Stocks
28 Nov 15 01:00:10
$COH Stock Forum Updated Saturday, November 28, 2015 02:59:23 AM $DFS $ADM $SUNE $SCTY https://t.co/HXkWCMfeHj
Sleek Money
28 Nov 15 00:49:51
SolarCity Corp Receives $60.15 Consensus Price Target from Brokerages $SCTY https://t.co/QEbsn4CMwV
28 Nov 15 00:48:37
SolarCity Corp Receives $60.15 Consensus Price Target from Brokerages $SCTY https://t.co/OkMq4tCecT
28 Nov 15 00:48:04
$SCTY: SolarCity Corp Receives $60.15 Consensus Price Target from …: https://t.co/RLk2WfEajp
28 Nov 15 00:38:42
Fous4x2 #daytrading DVD review: https://t.co/heVQQNe0iz $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP https://t.co/g2qiIuHcOg
Russell Barbour
28 Nov 15 00:34:17
Fous4x2 #daytrading DVD review: https://t.co/snAHJttnJf $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP
27 Nov 15 23:26:17
$SCTY: SolarCity Corp Sees Significant Growth in Short Interest (SCTY): https://t.co/N4jlcoMzKY
27 Nov 15 21:57:17
$TZA Last Price Updated Saturday, November 28, 2015 00:06:58 AM $RPTP $SCTY $BABA $UUP https://t.co/DdZTWofIt0
IH News Desk
27 Nov 15 21:33:33
$LMT Opinions Updated Saturday, November 28, 2015 00:10:46 AM $SCTY $MYGN $WTW $XLY https://t.co/lulH8YP8JF
27 Nov 15 18:46:03
SCTY SolarCity Corp. Last Price https://t.co/OIy4vqYFZi $SCTY $RPRX $ENIP $GPRO #SCTY #stocks #stocks
27 Nov 15 18:45:10
OWOO One World Holdings Inc. Chart https://t.co/zLHa7gINh3 $OWOO $WFC $SCO $SCTY #OWOO #invest #invest
Rosner Stocks
27 Nov 15 18:35:03
CTLE Nano Labs, Corp. E.P.S. https://t.co/6xZVEWEjiz $CTLE $EEM $OWOO $SCTY #CTLE #stock #tradeideas
27 Nov 15 17:54:34
$SCTY Recent News Updated Friday, November 27, 2015 8:06:56 PM $WTW $IRM $MCD $IRM https://t.co/USar9B9pPn
Rosner Stocks
27 Nov 15 17:47:03
SCTY SolarCity Corp. % Change https://t.co/Set17yGSKc $SCTY $GM $JCI $XLK #SCTY #nasdaq #stockmarket
27 Nov 15 17:45:43
Stochastic Overbought https://t.co/l042SWioag $ACAS $WUBA $NXPI $DHT $CSG $GMCR $BURL $AGEN $SCTY $HSY $PM $VIAB $HBAN $GRMN $DIA $PBY $TNA
Stock Forums
27 Nov 15 17:45:33
NUGT Direxion Daily Gold Miners Bull 3x Shares Dividend https://t.co/xRSaMSfuHT $NUGT $SCTY $UUP $EWH #NUGT #nasdaq #investing
27 Nov 15 17:39:09
EWZ Brazil iShares Day High https://t.co/phcD14P1hB $EWZ $SCTY $NVDA $UWTI #EWZ #pennystocks #share
27 Nov 15 17:38:35
I am bullish on $SCTY with a target price of $31.36 in 6 mos. on Vetr! https://t.co/vNGdmT6FD4
27 Nov 15 17:37:33
EGO Eldorado Gold Corp. Ex-Div Date https://t.co/6cQnvwAwDK $EGO $LMT $X $SCTY #EGO #investing #pennystocks
IH News Desk
27 Nov 15 17:31:08
$BLTA Stock Price Updated Friday, November 27, 2015 8:10:44 PM $SCTY $V $QID $DFS https://t.co/1mHn8s2nhW
27 Nov 15 17:27:52
$SUNE $SCTY Will benefit... https://t.co/ncXY2V30WQ
27 Nov 15 16:52:03
XLV Health Care Select Sector SPDR 52Wk Low https://t.co/o9dToHfA41 $XLV $SCTY $XLY $AVXL #XLV #stock #stockmarket
27 Nov 15 16:46:33
SCTY SolarCity Corp. Company Info https://t.co/Tmy1WDj8uN $SCTY $CFMS $SIRI $SYK #SCTY #share #finance
IH News Desk
27 Nov 15 16:41:03
INSM Insmed Inc. Financials https://t.co/FnIcauSSie $INSM $PEP $SCTY $EWZ #INSM #pennystocks #invest
27 Nov 15 15:04:54
Scan results - Shooting Star Candlestick today: $OLED $CRAY $LE $HD $SCTY $SKM $NUS $FOSL $UNFI $T ... https://t.co/wP7agQI6VA
27 Nov 15 14:46:05
SCTY SolarCity Corp. Summary https://t.co/3q8DL8cCEC $SCTY $UA $CURE $ALKS #SCTY #share #tradeideas
Zona Harrison
27 Nov 15 14:24:51
RT @StockTradePicks: Undervalued cash-rich retailer due for gains on Black Friday; $60M stock buyback plan in Q4 $SALE https://t.co/qM8kTQp…
cynthia beliveau
27 Nov 15 14:02:51
RT @SweetPlatform: SCTY Top news - Nov 26th, 2015 $SCTY https://t.co/xQVZduU9st
Johnny Trades
27 Nov 15 13:57:17
@HedgeMind if you look at $Ms Recent filings you will find they added $scty despite your shown trend .My point their recent addit losers
John C Mueller
27 Nov 15 13:42:31
https://t.co/pzGUPMT2AK $SCTY https://t.co/0PyZ4qIGFw
27 Nov 15 13:34:58
I am bullish on $SCTY with a target price of $31.36 in 6 mos. on Vetr! https://t.co/Xp8R4XVFMJ
27 Nov 15 13:30:02
$SCTY current stock price: $29.87. https://t.co/l6IjNInXCR #GoSolar #bot https://t.co/hxirZg06yf
Timothy Parker
27 Nov 15 13:28:17
.@autumnalcity87 expect more here $SCTY
27 Nov 15 13:23:32
$SCTY'a chart vs % Funds holder: smart money left party a yr ago & never came back, more exited in 15Q3. https://t.co/5Yq4wLtomh
27 Nov 15 13:22:58
$SCTY'a chart vs % Funds holder: smart money left party a yr ago & never came back, more exited in 15Q3. https://t.co/E4ffZTSW7s
Media Sentiment
27 Nov 15 13:08:07
$SCTY received a new alert. Find out why at https://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 408
27 Nov 15 13:04:47
$SCTY is losing hedgie holders, now dropped to 6%, 53% bearish, sentiment trending lower in Q3. @JohnnyTrades1 https://t.co/MmhwySlKo9
The Legacy News
27 Nov 15 12:54:47
SolarCity Corp Stock Price Up 3.6% $SCTY https://t.co/SnGmcqvzs4
Johnny Trades
27 Nov 15 12:52:04
@HedgeMind recent stakes not having much follow $scty Is 1 example
By  +Follow September 16, 2013 12:48PM



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