MAC Global Solar Energy Index ETF (TAN)

[mike306oh]

Shares of Chinese solar companies Trina Solar Ltd. (TSL), Canadian Solar Inc. (CSIQ), JA Solar (JASO), Suntech Power Holdings Co. Ltd. (STP), and LDK Solar Co. Ltd. (LDK) are all currently at less than 4 times 2009 earnings estimates, compared with multiples of 9.5 and 17 for US firms SunPower and First Solar. Kevin Landis, manager of Firsthand Alternative Energy Fund, suggested yesterday that "You have the luxury of getting a good price on just about any company you care to buy," and added that there is a bit of a bias toward quality companies or companies that are a little more solid.

Source: STP News, Nov. 18, 08

Mike