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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
Breaking News
7 Jul 15 14:14:05
$WGL $SCTY: WGL Energy Joins with SolarCity to Bring Residential Solar ...: http://t.co/wGOgj2h8Vy
Teslaliving
7 Jul 15 13:30:03
$SCTY current stock price: $53.10. #GoSolar #bot http://t.co/2F7G4AT9OG
Capital Market Labs
7 Jul 15 12:59:04
Interactive Chart -> http://t.co/OVpRhenOoI $SCTY Assets are Expanding. http://t.co/iBuNeWTBhK
SCTY Watcher
7 Jul 15 12:55:14
RT @Japanesegunto: Time up for all bets..... $ES_F $SPY $AAPL $TSLA $SRPT $GPRO $SCTY
Quang Doan
7 Jul 15 12:54:06
Time up for all bets..... $ES_F $SPY $AAPL $TSLA $SRPT $GPRO $SCTY
Dana Hull
7 Jul 15 12:41:03
.@TeslaMotors CTO JB Staubel keynoting Intersolar next week. Solar + storage. (He's also on the board of $SCTY)
Joshua Phelan
7 Jul 15 12:35:20
RT @WallStJesus: $SCTY 7/31 $55 CALLS GET PLAY
Cutlass
7 Jul 15 12:32:41
RT @WallStJesus: $SCTY 7/31 $55 CALLS GET PLAY
Venky Srinivasan
7 Jul 15 12:31:27
"@WallStJesus: $SCTY 7/31 $55 CALLS GET PLAY" Nice move today.
JE$US
7 Jul 15 12:30:50
$SCTY 7/31 $55 CALLS GET PLAY
Mani Ohli
7 Jul 15 12:27:39
Option Millionaires: jimmybob: $SCTY 53.31 http://t.co/5bqGxqeZKD
Perfor Mance
7 Jul 15 12:27:34
Option Millionaires: jimmybob: $SCTY 53.31 http://t.co/FK85ZJUT1B
InTheMoneyBitch
7 Jul 15 12:14:04
$SCTY Bingo.
Miguel A. Ferreira
7 Jul 15 11:50:08
$SCTY looking good on a 15 min chart, should test the 200 SMA http://t.co/8FzyLBQE9L
Investors Hangout
7 Jul 15 10:44:10
SCTY SolarCity Corp. P/E Ratio http://t.co/szIVSWMQov $SCTY $CVS $RAD $TWTR #SCTY #stockmarket #finance
Stock_Tracker
7 Jul 15 10:35:07
EDC Direxion Daily Emerging Markets Bull 3x Shares Summary http://t.co/gCknZg50lN $EDC $JD $SCTY $VDSI #EDC #finance #finance
jim50
7 Jul 15 10:35:06
DRYS Dry Ships Inc. Last Trade http://t.co/hAFlY1G4lI $DRYS $SCTY $WEN $SDRL #DRYS #invest #pennystocks
DAILYALERTS
7 Jul 15 10:32:29
$SUNE and $SCTY Off the lows of day $TERP Gapped up today $SPY about 22 points off lows. http://t.co/RBCyBeBf3n
Dr. Stoxx
7 Jul 15 10:28:59
$SCTY: while I'm at it...buy buy buy this one too. Nice relative strength today and will rally as oil recovers: http://t.co/bSIndngnzJ
 José Ordoñez
7 Jul 15 10:28:21
Yep, Solar panels: Not just for rich home owners anymore: https://t.co/2kYmEG0TLM $SCTY
Capital Market Labs
7 Jul 15 10:24:43
Interactive Chart -> http://t.co/M8To47Vqvv $SCTY Research and Development is Accelerating. http://t.co/8zH1NQO6P2
NoStressTrades
7 Jul 15 10:24:09
RT @WrigleyTom: Some Popular nHod | 12:50 p.m. $WYNN $LVS $MPEL $MGM $BYD $HTZ $LULU $ANY $XOM $X $BP $EOG $OXY $BWLD $CREE $HD $TGT $FSLR …
KeeneOnTheMarket.com
7 Jul 15 10:23:12
LONG $SCTY $LULU $NKE all working out great today
dimi prophete
7 Jul 15 10:20:17
Thanx $SCTY
Jeremy Arizola
7 Jul 15 10:20:05
$SCTY laddering into some August 55 cs here
dmackdaddy
7 Jul 15 10:20:01
Solar panels are moving beyond wealthy home owners in the U.S. via @FortuneMagazine http://t.co/AaXbd7mgip $SCTY
Stocks Creamun
7 Jul 15 10:15:08
RT @WrigleyTom: Some Popular nHod | 12:50 p.m. $WYNN $LVS $MPEL $MGM $BYD $HTZ $LULU $ANY $XOM $X $BP $EOG $OXY $BWLD $CREE $HD $TGT $FSLR …
Breaking News Now
7 Jul 15 10:05:02
$SCTY: New SEC Filing for SCTY: Form CT ORDER (No. 9999999997-15-011562): http://t.co/OVZLgfw8g3
New SEC Filings
7 Jul 15 10:04:04
NEW SEC Filing for $SCTY filed a moment ago: http://t.co/YYaEH1YbAY http://t.co/jbwMVs8uML
Diego Romero
7 Jul 15 10:04:00
RT @WrigleyTom: Some Popular nHod | 12:50 p.m. $WYNN $LVS $MPEL $MGM $BYD $HTZ $LULU $ANY $XOM $X $BP $EOG $OXY $BWLD $CREE $HD $TGT $FSLR …
Perfor Mance
7 Jul 15 09:54:41
Option Millionaires: jimmybob: $SCTY getting some mojo here ~ http://t.co/TS9OajapXP
Mani Ohli
7 Jul 15 09:54:35
Option Millionaires: jimmybob: $SCTY getting some mojo here ~ http://t.co/XjZAhDxZxz
A. Wolf
7 Jul 15 09:54:27
$SCTY looking decent
Nathan Michaud
7 Jul 15 09:54:16
Solar woke up today $CSIQ $SCTY $FSLR among others
Keith
7 Jul 15 09:53:45
$SCTY still going
Keith
7 Jul 15 09:51:56
$SCTY vol pop
Investors Hangout
7 Jul 15 09:50:10
XLF Financials Select Sector SPDR Exchange http://t.co/fQBZk2ZCGC $XLF $OIL $SBUX $SCTY #XLF #tradeideas #finance
Stock_Tracker
7 Jul 15 09:50:09
XLE Energy Select Sector SPDR Short Sales http://t.co/m1m1EiRwlc $XLE $VDSI $SCTY $ERX #XLE #investing #stockmarket
Tom Wrigley
7 Jul 15 09:50:08
Some Popular nHod | 12:50 p.m. $WYNN $LVS $MPEL $MGM $BYD $HTZ $LULU $ANY $XOM $X $BP $EOG $OXY $BWLD $CREE $HD $TGT $FSLR $WDAY $ICE $SCTY
Option Millionaires
7 Jul 15 09:49:51
$SCTY getting some mojo here ~
PolgarStocks
7 Jul 15 09:49:24
WFC Wells Fargo & Co. Quotes http://t.co/7ASi5Vit4T $WFC $BX $BIIB $SCTY #WFC #pennystocks #invest
nasdaqfan
7 Jul 15 09:49:00
X USX-US Steel Group, Inc. 52Wk High http://t.co/3pGT3582Pe $X $SCTY $HNU.TO $XIV #X #pennystocks #finance
jim50
7 Jul 15 09:48:59
WFM Whole Foods Market, Inc. Current Price http://t.co/tcEOV0mr8I $WFM $FXE $SCTY $CSCO #WFM #nasdaq #stock
Rosner Stocks
7 Jul 15 09:48:22
UDN PowerShares DB US Dollar Index Bearish Fund Current Price http://t.co/yHIeQLe1DJ $UDN $SCTY $FB $SLV #UDN #finance #tradeideas
Investors Hangout
7 Jul 15 09:48:09
VTI Vanguard Total Stock Market ETF Ideas http://t.co/LR0khhyJKJ $VTI $EWG $QCOM $SCTY #VTI #pennystocks #stockmarket
Alexander Morris
7 Jul 15 09:48:03
$SCTY: Exc 1DyHIGH=52.19, hits:4, ch:+0.9%, 0phNearHi:BrkPLo+PHi[+2.7%], FltBO-, 12:3Accel+, tf:0000111, medFlt:48M, HiPctSht[44%:9d]
nasdaqfan
7 Jul 15 09:47:40
UPRO ProShares UltraPro S&P 500 Quotes http://t.co/KqPG7zZH9O $UPRO $SCTY $FB $CMG #UPRO #nasdaq #pennystocks
DennyT
7 Jul 15 09:47:06
TVIX VelocityShares Daily 2x VIX Short Term ETN Tick http://t.co/ldhHlAPeCW $TVIX $NGHC $SCTY $DRYS #TVIX #finance #invest
IH News Desk
7 Jul 15 09:47:05
TLT iShares Barclays 20+ Year Treasury Bond Fund Ask http://t.co/egJ1vzfO2c $TLT $DBC $SCTY $ONTY #TLT #share #share
Lucky Jimmy
7 Jul 15 09:45:16
SCTY SolarCity Corp. Message Board Posts http://t.co/eKBUiG3Pu7 $SCTY $TMF $HEDJ $T #SCTY #stock #invest
				
				
By  +Follow September 16, 2013 12:48PM
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