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Wow SOL Upgraded to STRONG BUY:
http://finance.yahoo.com/news/renesola-upped-strong-buy-193002516.html
Zacks Investment Research upgraded ReneSola Ltd. (SOL) to a Zacks Rank #1 (Strong Buy) on Oct 5, 2013.
Why the Upgrade?
In its short operating history, ReneSola has constantly fine-tuned, diversified and enlarged its product mix. The company has proved to be resilient and well adept at adjusting to changing market dynamics.
With most of its solar peers in trouble due to an oversupply of solar panels, ReneSola seems to be in a better position with multiple contracts and agreements. The company is a prominent player in the U.S. solar market. Despite the implementation of countervailing duties and anti-dumping duties on Chinese solar products by the U.S. government, the company is regularly winning contracts in the U.S. due to the high standard of its products and services.
Recently, ReneSola has been selected by Panasonic Eco Solutions North America for the first time for its high-efficiency polycrystalline modules. These modules will be utilized by Panasonic for its multiple photovoltaic (:PV) projects. Again, ReneSola won a contract from solar developer EcoPlexus to supply 6,480 units of solar panels. EcoPlexus utilized these panels for the completion of its 2 MW solar PV facility in California.
Like most of the Chinese solar product manufactures, ReneSola is also expanding its footprint in the Asian, African and European markets to offset any slowdown in U.S. orders. Recently, the company signed a series of agreements with Lightsource Renewable Energy Limited, the largest solar energy generator in the U.K. Per the agreement, the company will provide 69.5 megawatt (MW) of solar modules for installation on solar farms in the U.K.
In spite of ReneSola reporting in the red in the second quarter, the narrower-than-expected loss is encouraging. Also, the top line succeeded in beating the Zacks Consensus Estimate. The results reflect the company’s focus on improving selling prices. Despite a challenging macro environment and a competitive solar industry, the company continued to make substantial progress and exceeded its shipment volume guidance. In order to build its brand image, the company also introduced its proprietary technology to customers across multiple international markets.
On top of it, the announcement made by China’s Ministry of Finance lifted Chinese solar stocks across the board. Recently, the Chinese government announced that local solar manufacturers will receive immediate refunds of 50% of the value-added tax for sales taking place from Oct 2013 through Dec 2015. The Chinese government has already set a solar installation target of 35 gigawatt by 2015.
Other Stocks that Warrant a Look
In addition to ReneSola, one can also consider other stocks in the sector such as SunPower Corp. (SPWR), JA Solar Holdings Co., Ltd. (JASO) and JinkoSolar Holding Co. Ltd. (JKS) as attractive investment opportunities. While SunPower sports a Zacks Rank #1 (Strong Buy), JA Solar and JinkoSolar hold a Zacks Rank #2 (Buy).
No volume better than negative volume! I think I'm just gonna let this one sit for a year and then come back to see where she's at!
PGNX reversing.........
PGNX (biotechnology) (avg. vol 533k)
- Watch for a green candle over candle (got it today)
- Right at Oversold
- Fell under wedge line support
- $0 debt - $79.22M cash
- $13 PT (current $4.71)
- Rapid Ups and Downs
$FORM ready for a bull run........
Especially after today's Morning Doji Star candlestick pattern at the bottom of a significant downtrend. (reversal pattern)
FORM (semiconductor) (avg. vol 474k)
- At the bottom of wedge support
- $10 PT (current $6.42)
- Watch for green reversal candle confirmation
- $542K Debt - $154.52M cash
She looks like she's ready to go....
Especially after today's Morning Doji Star candlestick pattern at the bottom of a significant downtrend. (reversal pattern)
FORM (semiconductor) (avg. vol 474k)
- At the bottom of wedge support
- $10 PT (current $6.42)
- Watch for green reversal candle confirmation
- $542K Debt - $154.52M cash
Looks like she's playin sideways with a downslope...
sold out @ 11.18 for a nice little 560 gain.
Speedtrader is the shiznits
Need news!
Might hit its price target today... $12!
Bought @ 10.62 Yesterday and held.. Day of pullback = gap up!
Gapping down this morning
Should have a little Gap Up this morning
Down pre-market -- Gapping down
SOL & YGE are both down pre-market double digits.
Excellent points!
$6 would be breakout for SOL. I think YGE has $10 potential especially if a bright and shiny PR comes out
YGE's price has increased almost 78% in the last month... Just sayin it was movin up before the recent Chinese news.
I guess $10 would be a little bit longer term... But still relatively short in my opinion but realistic.
YGE is oversold so a day of pull back would not be bad.
$DCTH: U.S. FDA GRANTS ORPHAN DRUG DESIGNATION TO DELCATH SYSTEMS FOR USE OF MELPHALAN HYDROCHLORIDE IN HCC
http://finance.yahoo.com/news/u-fda-grants-orphan-drug-202202221.html
Honestly, I think $8 is a modest target but I do think that both YGE and SOL are due for a day of consolidation or pull back. If you look at the daily candlesticks they've both been very bullish for the last 5-days but the bullish candlesticks have weakened if you look at today and yesterday. Both YGE and SOL show a looming Evening Star today (close enough to a Doji Star) which are bearish reversal indicators.
YGE lost 3cents after hours; SOL lost 1cent after hours. We'll see what the pre-market brings...
I'm short SOL @ 5.10. Something tells me I should have shorted YGE instead but oh well only 1k shares. Looking at past SOL chart patterns, every time an Evening Star has shown itself the stock has gapped down and fallen lower on the day. I can't say the same for YGE... If anything besides a pullback, YGE may play sideways.
Either way for either stock a day of pullback could prep it for another 5-day bull run.
If my short doesn't pan out then I'll cut my loss and get long. It's very possible that the slowing down is the consolidation for these two stocks and that they may not require a day of pull back like most stocks before a bullish continuation.
Tomorrow morning... Don't ya love stocks!
I think we might see some pull back tomorrow on YGE and SOL - charts are almost identical. Evening star candlestick pattern (close enough to a doji) goin off that!
Every stock needs a day of pull back and they've both been very unimpressive today. Maybe I'll eat it... Maybe it'll gap down in the morning or give me a opening drop before rebounding. We shall see!
Cmon YGE pull up!
sure called that one
Nothing to worry about... All stocks are getting hit over the hysteria of the partial government shutdown... And that's all it is: hysteria.
ARTICLE: Who Is Trying To Patent Marijuana?
http://worldtruth.tv/who-is-trying-to-patent-marijuana/
Looks like Krupka dropped http://www.southwestconsultingassociates.com/ ... Main and only focus: NX CAP CO
Made some nice $$$ on DUST and KIOR today
DUST you made my day Finally called the bottom (or close enough at least) Lol! 31.43 to 32.92 Needed that confidence booster!
Time to pull back up a bit. Long.
Wow KIOR! Monster news! Wish I caught that morning run up... Geez! I did catch 2.55 to 2.72! 15 minutes and $600 later... Thanks
Was in need of that day of pullback... Let the bull run continue! +4.26% in first 15mins..! Dip n' Rip!
The reason the stock skyrocketed was b/c the Chinese introduced incentives for electric vehicles:
http://www.fool.com/investing/general/2013/09/19/why-kandi-technologiess-shares-jumped.aspx
"As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days."
http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold
Doesn't really mean anything.
I agree. Due for a pull back... I think that's going to happen today.
Another GREEN day or is today going to pullback. Got my finger on the trigger
Yesterday's Evening Star looks a little ominous...
Woot Woot! Was hoping for a gap-up bought EOD yesterday @ $8.82 sold pre-market today @ 9.20 Crazy...
Lol! That sucks!
Yeah there were a couple of contracts recently that sent it running! You working where you work should be familiar with that company