Here Comes the Sun: EMCORE Should Prove Profitable

3/12 - "Emcore's industry leading multi-junction solar cells enable a new class of high power communications satellite for direct to home broadcasts and advanced satellite services. These advanced solar cells have also been adapted for use in terrestrial concentrator applications and have attained conversion efficiencies in excess of 37%. These products will make possible cost competitive concentrating photovoltaic systems for use in utility scale solar power stations and other distributed energy applications...What sets the company ahead of the silicon-based competitors is its use of compound semiconductor materials that enable it to develop highly efficient cells."

"Concentrated solar power is undergoing a renaissance, not only in the U.S. but globally, throughout Europe and the Middle-East...According to a recent study from Emerging Energy Research [EER], a leading research and advisory firm analyzing clean and renewable energy, Solar CSP is the fastest growing utility-scale renewable energy alternative after wind power, with up to $20 billion expected to be invested by 2013."

"Oppenheimer is also positive on this company, especially the fiber optics division, and sees a spinoff of the solar division...The stock is now bouncing off of its 200-ma, the oscillators are oversold and the time to buy this stock is now. Emcore should double in a year."