Three Reasons the Solar Sell-off May Be in the Early Innings - Kelvin Schulle

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Three Reasons the Solar Sell-off May Be in the Early Innings
Sep 03, 2008 01:25 PM UTC

Kelvin Schulle

Return	Risk
-32.23%	LOW

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
SPWRA	n/a
ENER	n/a
STP	n/a
LDK	n/a

Via Short Stock Ideas from Seeking Alpha:

Renewable energy had a great run over the last month when oil was seen stable at the $115 level. Suntech (STP) gained almost 50% from $32 to $49, SunPowerÂ (SPWR) gained almost 40%, LDK Solar (LDK) gained about 50% and Energy Conversion Devices (ENER) is up over 110% since May 2008. Overall solar has been really outperforming in the past year when you compare it to other sectors, such as financial and retail, as both have been down big during the same period of the year. However, solar becomes a risky investment in the current enviroment. Here are three reasons the solar sell-off may just be getting started:

1. Crude oil breaks below $110 and the US dollar is strengthening

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