SW, all solar PV stocks are up today. In fact, this is the best day yet for PV. If the $3.2B passes, solar stocks will still grow. The PV index this year was the BEST (better than oil). Check out the two recent IPO's: SPWR, and STP. The PPS of both doubled in 3 month, and 1 month, respectively.
XSNX is pumped by Jeff, like there's no tomorrow. Never seen such misleading info put together in a public newsletter.
Mike
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DJ Solar Technology Cos. Up On Calif. Solar-Power Measure>STP
01/12/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
01-12-06 1221ET
Copyright (c) 2006 Dow Jones & Company, Inc.
=DJ Solar Technology Cos. Up On Calif. Solar-Power Measure
By Tim Paradis
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of solar-energy technology makers rose sharply Thursday, with several chalking up 52-week highs, ahead of the expected approval of a measure in California that analysts expect will bolster overall demand for photovoltaic energy.
The California Public Utilities Commission and the California Energy Commission are scheduled to vote Thursday on an 11-year, $3.2 billion incentive program aimed at spurring installation of photovoltaic energy technology.
"It's a very large measure and it's a long-term measure so it provides solar companies with incentives and visibility to undertake expensive expansion programs," said Jefferies & Co. analyst Jeffrey W. Bencik, noting that the industry already can't meet demand.
The incentive represents roughly 3,000 megawatts of production, which is 2.5 times world-wide solar sales in 2004, Bencik said.
Among the stocks that registered 52-week highs were: Energy Conversion Devices Inc. (ENER), up 6.1%; Evergreen Solar Inc. (ESLR) up 5.1%; Suntech Power Holdings Co. (STP) up 8.3%; SunPower Corp. (SPWR) up 1.6%.
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