Dude: He caved to the oil companies on the gasoline part of the bill. Something is better than nothing, but many are saying he gave to much to big oil.
I must say I am pleasantly surprised. The market dragged us a bit higher. Aside from a friendly market, a friendlier oil market and just being oversold I cannot account for the rise. That being said I could not account for the fall except tor the opposite, an unfriendly oil and stock market. Right now we are looking at out best close since August 17 and even more amazing, 8 green days in a row. When was the last time SPWR did that? The answer might be back in 2008. It is nice to relieve the pressure, but lets put things into perspective. We are still down for the year, YTD (barely), 6 months and 3 month charts. I guess when you are flat on your back, even getting up to your knees looks good.
watered down? What are you smoking? 50% renewable in 15 years? You do realize that they are only at 25% now.....that's a lot of wind, solar, and geothermal....which is fading fast as we are realizing it may trigger a massive earthquake with all the water injection it takes in geothermal projects. Solar and wind for California makes so much sense as it is sunny here 320 days of the year, with wide open desert spaces perfect for solar.
The Govt. needs to stay out of the way as you cannot apply across the states any rules that make any sense. What do you put in West Virginia? How about Maine? East Coast has lots of natural gas with the Marcellus and Utica shales, the north has hydro, the south and west sun, the middle of the country lots of wind. How about a diversified portfolio?
during most of this winning streak we have been on volume that has exceeded 1.5 million shares a day. Pretty good for this stock especially lately. Today we are trading at "Pre streak" levels. This might mean a red day. A small one on low volume would actually not be a bad thing. Why the interest lately? Oversold? Rotation as chasen suggested? Just following the market? We are near resistance at $24.75. I think we will need news to get through, but that is just MHO.
Presents both sides of argument, except for the most important reasons!!! The safety of the planet! How many jobs and how much money is that worth if people with authority only see things in the short term and deny the evidence (or worse yet), create false data or cherry pick an out liar scientist to support their position?
Nice find, although after reading the article it appears the bill is a bit watered down. Still if other states or the Federal Government even approached these kind of goals solar would be much better off.
Today? Looks like we start lower. This fantastic winning streak is due to end, lets hope the giveback is less than 1% and it bounces off the 50 DMA. that would be a good technical sign.
Gov. Jerry Brown just climates change bill today, 10/7/15
this is big deal. just google it.
From LA times:
The bill will require California to generate 50% of its electricity from renewable sources such as solar and wind by 2030, up from the current target of 33% by 2020.
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Of course, "never" is a very long time. "Not any time soon" is a much safer statement.
Never? I think you'd be on much safer ground going with "not any time soon." You have no idea what sort of technologies lie beyond the horizon, and under-appreciate the incentives manufacturers have to drive their energy costs down.
It would not be the first company or industry to go into death spiral because of "lack of imagination." That being said solar and other renewables will never eliminate traditional "smokestack" utilities. No matter what the promise of renewables, not even the biggest solar and wind dreamers see a day when manufacturing industries that demand incredible amounts of power will be powered by anything but coal, gas or nuke. Homes? Many certainly. Offices? Some of course. Factories? Don't think so.
The utilities did not correctly evaluate this threat, or they would have taken an approach similar to SolarCity, to facilitate distributed energy and make it part of their grid. Some utilities have caught on, but many are choosing to fight a rear-guard action. They might stall solar adoption in their territory, but ultimately this will just force more people off the grid all together. If they don't get wise, they'll have a death spiral on their hands. It doesn't have to be that way, though, it will be a failure of imagination if they go that route.
Exactly, when only a handfull of people were on solar, utilities found net metering and similar programs to be good PR. The cost to them was nominal, but the green PR was worth a little goodwill. Now solar is cutting into the bottom line, and they are pushing back big time. The Florida situation you spoke of is one of many "utility" reasons why solar has not caught on in the Sunshine State.
In fact many are starting to postulate that this is the biggest medium term challenge solar faces.
I think what is being said refers to a problem for utilities -- as more homes and businesses switch to solar, the fixed cost impact upon their customers still on utility, fossil-fuel generation will rise. You have fixed costs (e.g., physical plant costs and fuel delivery investments) which gradually are spread across a shrinking base of customers. In Florida, the legislature is reviewing a proposal that outlaws the sale of electricity by homeowners. The utilities there see this problem coming.
Well that euphoria did not last. SPWR closed the gap which is probably a good thing medium term. Bounced right of resistance at $24.75. As long as we hold above the 50 DMA it will be a good day. A little disappointed at the action over at FSLR.
Yikes! In danger of going red with the rest of the market.
Just come clarification. You are planning on selling some short term calls at $26.00. Are you planning on selling "covered calls?" Or are these calls for speculative purposes you have already bought in the last few days? I know you were kicking around some Jan 25s and 26s but it sounds like you did not take the plunge.