Weekly Stock Pick
Posted on September 08, 2008 at 04:33 AM EDT
I like living green just as much as anyone, so we can all work together to save the earth to be livable longer for us and our children children’s.
My stock scan this week is a green publicly traded company. This week’s scan has come up with an excellent low risk high reward potential, trade setup on a solar energy equipment manufacturer.
Diversified energy investments these days are a must in this current market environment. I see continued good growth intermediate and long term on the alternative energy industry, and this solar energy stock.
Buy Long: First Solar. Ticker FSLR
Buy Entry: 237 to 213.12
Stop-Loss: 8% more or less depending upon on your risk appetite.
Take Profit Areas:
272.96 to 290.94
361.79 to 408.47
458.23 to 517.35
585.83 to 661.42
Solar Energy Demand Analysis
Worldwide photovoltaic installations increased by 2,826 mega-watts in 2007, up from 1,744 MW installed during 2006. In 1985, annual solar installation demand was only 21 Megawatts.
Cumulative solar energy production accounts for less than 0.01% of total Global Primary Energy demand.
Solar Energy demand has grown at about 30% per annum over the past 15 years compared to hydrocarbon energy demand that typically grows between 0-2% per annum.
The "Feed-in Law" has led to Germany to become the largest solar energy market in the world currently.
On the supply side, the amount of product manufactured by PV cell manufacturers worldwide reached a consolidated 3,436 megawatts in 2007.
Solar Energy (photovoltaic) prices have declined on average 4% per annum over the past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers.
A residential solar energy system typically costs about $8-10 per Watt. Where government incentive programs exist, together with lower prices secured through volume purchases, installed costs as low as $3-4 watt - or some 10-12 cents per kilowatt hour can be achieved. Without incentive programs, solar energy costs (in an average sunny climate) range between 22 to 40 cents a kWh for very large PV systems.
First Solar Company Profile from their website.
By enabling clean, renewable electricity at lower costs, First Solar is providing a sustainable alternative to conventional energy sources.
This goal has driven First Solar to become one of the fastest growing manufacturers of solar modules in the world. First Solar FS Series 2 PV Modules represent the latest advancements in solar module technology, and are rapidly driving the cost of solar electricity to rates comparable with traditional fossil fuel-based energy sources.
First Solar was formed in 1999 and launched production of commercial products in 2002
First Solar has achieved the lowest manufacturing cost per watt in the industry, $1.14/watt for the first quarter of 2008
First Solar is the largest manufacturer of thin film solar modules, having expanded manufacturing capacity to an expected 495 MW in 2008; and with additional plants under construction, First Solar will bring total expected capacity to more than 1 GW by the end of 2009.
First Solar has long term module supply contracts in place with leading solar project developers for more than 3.4 gigawatts of PV modules (2008 - 2012)
First Solar developed the first pre-funded module collection and recycling program in the PV industry
First Solar’s IPO took place on November 17, 2006; Common stock is traded on the NASDAQ Stock Market under the symbol FSLR
Click here to review and Trial the Trading Software I used in determining my buy long position on FSLR.
Diversified energy investments these days are a must in this current market environment. I see continued good growth intermediate and long term on the alternative energy industry, and this solar energy stock.
Buy Long: First Solar. Ticker FSLR
Buy Entry: 237 to 213.12
Stop-Loss: 8% more or less depending upon on your risk appetite.
Take Profit Areas:
272.96 to 290.94
361.79 to 408.47
458.23 to 517.35
585.83 to 661.42
Solar Energy Demand Analysis
Worldwide photovoltaic installations increased by 2,826 mega-watts in 2007, up from 1,744 MW installed during 2006. In 1985, annual solar installation demand was only 21 Megawatts.
Cumulative solar energy production accounts for less than 0.01% of total Global Primary Energy demand.
Solar Energy demand has grown at about 30% per annum over the past 15 years compared to hydrocarbon energy demand that typically grows between 0-2% per annum.
The "Feed-in Law" has led to Germany to become the largest solar energy market in the world currently.
On the supply side, the amount of product manufactured by PV cell manufacturers worldwide reached a consolidated 3,436 megawatts in 2007.
Solar Energy (photovoltaic) prices have declined on average 4% per annum over the past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers.
A residential solar energy system typically costs about $8-10 per Watt. Where government incentive programs exist, together with lower prices secured through volume purchases, installed costs as low as $3-4 watt - or some 10-12 cents per kilowatt hour can be achieved. Without incentive programs, solar energy costs (in an average sunny climate) range between 22 to 40 cents a kWh for very large PV systems.
First Solar Company Profile from their website.
By enabling clean, renewable electricity at lower costs, First Solar is providing a sustainable alternative to conventional energy sources.
This goal has driven First Solar to become one of the fastest growing manufacturers of solar modules in the world. First Solar FS Series 2 PV Modules represent the latest advancements in solar module technology, and are rapidly driving the cost of solar electricity to rates comparable with traditional fossil fuel-based energy sources.
First Solar was formed in 1999 and launched production of commercial products in 2002
First Solar has achieved the lowest manufacturing cost per watt in the industry, $1.14/watt for the first quarter of 2008
First Solar is the largest manufacturer of thin film solar modules, having expanded manufacturing capacity to an expected 495 MW in 2008; and with additional plants under construction, First Solar will bring total expected capacity to more than 1 GW by the end of 2009.
First Solar has long term module supply contracts in place with leading solar project developers for more than 3.4 gigawatts of PV modules (2008 - 2012)
First Solar developed the first pre-funded module collection and recycling program in the PV industry
First Solar’s IPO took place on November 17, 2006; Common stock is traded on the NASDAQ Stock Market under the symbol FSLR
Click here to review and Trial the Trading Software I used in determining my buy long position on FSLR.
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Privacy Policy and Terms and Conditions.
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Stock quotes supplied by Telekurs USA
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