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  • kbjb Feb 17, 2011 10:23 AM Flag

    Options Expirations/SPWRA/FSLR...WOW!!!

    The uncertainty about oil prices may be contributing to the renewed interest in solar.

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    • you have SPWRA reporting tonight...they have "no cash" and there is no way in the World there guidance can be any good...reality check...

      • 2 Replies to tmr463
      • The real heavy weight, STP, reports Monday morning. Here's what one firm stated last night regarding its field array income:

        Canaccord Genuity raised its stock investment rating on Suntech Power Holdings (STP, K3ND.SG) to hold from sell, noting that as projects are finally being constructed and connected to the grid it expects further receivable payments for the Chinese solar-panel maker. Shares rose 3.3% to $9.92 as the firm said it thinks 2011 could be better than expected.

        Friday will be a choppy market day due to option expirations. I'd expect flat to slightly lower tomorrow for all solars after things trail off a bit this afternoon towards the close. Monday though, we should see some more great gains in the group! There's $3 trillion on the sidelines coming back into this market through funds and 401k's, trying to catch the rally over the next two months. Trying to time a short position right now is very foolish IMO.

      • Is the upward momentum slowing?

13.26-0.20(-1.49%)11:18 AMEDT