Solar Stocks Are Heating Up

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Our own small-company specialist, Robert Morris, has found a way to 'sniff out' tiny penny stocks on the verge of a major breakout.  And the timing for this has never been better.

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Many are down 20% or more since hitting 52-week highs this summer.  Just take a look at the Market Vectors Solar Energy ETF (KWT).


KWT is a good proxy for the global solar industry.  It holds positions in 30 solar companies from around the world.  As you can see, it’s down about 21% from the 52-week high it set in June.

However, the winds of fortune appear to be changing for the better.

New research from iSuppli shows business conditions improving for the solar industry.  They’re seeing a big reduction coming in global supply of solar panels.  This will go a long way toward restoring balance between supply and demand.

What’s behind their revised outlook?

Surging demand in the German market.  When solar module prices dropped 20% in July, German customers jumped on the attractive prices.  Solar panel installations mushroomed to record levels.

What’s more, if German demand persists, the solar panel supply glut could be resolved as early as next year.  This is big news for the industry.  iSuppli had been forecasting the oversupply situation to last into 2011.

Several solar power companies are already seeing a pickup in demand.

Canadian Solar (CSIQ) says visibility is improving.  Shipments in the third quarter more than doubled.  They’ve received firm purchase orders for December and January.  And, they believe the first quarter of 2010 will be stronger than last year.

In fact, CSIQ expects shipments in 2010 to double this year’s figure.

They see Germany, Italy, and the U.S. driving demand significantly higher.  Plus, they expect strong growth from newer markets like Canada, Japan, and China.

Yingli Green Energy Holding (YGE) is also seeing demand strengthen.

Shipments jumped an amazing 80% in the third quarter.  Management says demand from Europe is far outpacing supply, and the U.S. market is improving.  Plus, they think increasing demand will cause solar panel prices to flatten, or even rise, in the first quarter of 2010.

And just yesterday, Solarfun Power (SOLF) said demand for their solar panels is expanding.  Shipments in the third quarter soared a whopping 145%.  What’s more, they see shipments rising next quarter and in the first quarter of 2010.

But that’s not all…

All three companies reported much improved third quarter results.

At CSIQ, revenue surged 87%, earnings skyrocketed 123%, and both figures handily beat estimates.  YGE’s earnings of 18 cents per share easily topped analysts’ estimates.  And, SOLF’s earnings of 37 cents more than doubled the consensus estimate.

The time is now to establish a position in one or more of these stocks.  CSIQ and YGE are both down more than 60% from their all time highs.  And, SOLF is off 84% from its all time high.

If business improves as they expect, we should see analysts’ estimates move higher.  And you know what that means.  Higher stock prices ahead.

Take a closer look at CSIQ, YGE, and SOLF for your own portfolio.  You don’t want to miss out if these stocks start to make a major move higher.

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