SOL which trades under the symbol SOLA.L closed UP 3.19% on Friday almost near HIGH of the day.....on London Stock Exchange
SOL close was equivalent to US$14.24......
Looks like selling in SOL has dried up.....
Volume was 287600......
BLOG does not give buy or sell.
Saleem
2 comments:
Hi,
salim,
This article paste from yahoo.
This is a reasonable prediction. The Motley Fool article sent SOL oversold today. That won't last long.
We at Stockaccumulator researched today's Solar Motley Fool articles.
The only thing we agree with: other solars mentioned have a high PE. But SOL (Renesola)now has a foward PE of approx. 4 to 8 into 2009, and 9 to 14 current. Very low, compared to the others.
To include SOL (Renesola), with proven profit shown, exponential, every quarter, is strange... SOL is a buy today, not a sell...
The articles cite nothing for evidence.
We here (and asians and europeans, who do not read Motley Fool, and could care less about Motley) will be buying SOL today. Hence it was up in London.
SOL was rated last month as the 4th best company in the world to invest in, and Zacks still has its highest rating on SOL, as do all analysts. Analysts would not put their good name on SOL as a strong buy, lightly.
SOL is a buyout candidate. SOL supplies to companies mentioned in the article as "potential competitors". The companies suggested as savy competitors, are potential customers of SOL, not competitors. I don't think the writers know what SOL does.
Or in the one article that cited SOL, the author did not mean to include SOL in all allegations, other than his strange one on "cash flow". These are short brief, murky articles that say little and prove and explain nothing.
Soon you will see articles touting SOL/solar, and then you will see SOL go through the roof. Nothing has changed at SOL, just good: the unbelievable higher price of oil/gas every day, and national and local governments worldwide jumping aboard the solar bandwagon.
All three articles are unclear, come out at the same time, and do not make much sense. Investment houses that we are researching, say the articles are silly, especially with inclusion of SOL (a forward PE at as low as 6 currently) as an "expensive stock", when Solar growth is expected to be explosive in 09' (especially for SOL and its products).
There is no evidence of a money shortage at SOL whatsoever, per analysts who practically audited SOL, but rather there is a money abundance at SOL, and each quarter proves it more to be true.
Are they alleging that the accountants doing the various solar's books are lying to the government and securities authorities in China (and all international securities authorities)? I don't think so. In China, there is serious jail time for such. It is unclear what the articles are trying to do other than spook the shares lower in the US... perhaps to buy solar shares for less, or for their short positions.
Many of the other companies cited do have minimal profit and high PE's... but not SOL (Renesola) hence why all analysts that looked at SOL carefully, including those who went to China visited the company, love SOL. SOL's product is very low cost, cheap to produce. Method of production is inexpensive, unique, SOL's products are strongly in demand. All the things you look for in a company to invest in.
As for solar as an investment in asia, investors located in asia are used to seeing solar panels on street lights everywhere.
And shorting at $13 is unbelievably risky, and a sure way to lose money.
We are buying at this opportunity, not selling today, probably a lot of shares to leverage our average position downward... not out or fear, but to make a great deal of money on SOL by next year this time... We are certain that by summer 09' SOL share price will be well over $58 US.
Strangest of all, a month ago, Motley writers were touting SOL as a fantastic mid and long play, citing endless reasons SOL was a must own. Take a look at the old Motley articles...
SOL currently is not a high flyer at $13 with a forward PE near 6. Not a good idea to sell SOL at a loss today, or ever, no reason to.
Best to all, THE STOCKACCUMULATOR...
Hi Ds,
Thanks for the article for SOL.
SOL is a strong buy !!!
Saleem
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