ABB (ABB) $ 18.96 Canadian Solar (CSIQ) $ 21.12 Capstone Turbine (CPST) $ 0.25 Chipotle Mexican Grill (CMG) $ 732.93 Daqo New Energy (DQ) $ 18.32 First Solar (FSLR) $ 51.20 General Electric (GE) $ 28.07 Hannon Armstrong (HASI) $ 18.68 Hanwha SolarOne (HSOL) $ 1.10 iPatch DJ-UBS Coffee (JO) $ 21.43 iPath Pure Beta Coffee (CAFE) $ 14.70 JA Solar (JASO) $ 8.41 Maxwell Technologies (MXWL) $ 6.23 NRG, Inc. (NRG) $ 15.46 NRG Yield, Inc. (NYLD) $ 14.94 Ormat (ORA) $ 36.74 Pattern Energy Group (PEGI) $ 22.52 SolarCity (SCTY) $ 48.94 SunEdison (SUNE) $ 9.25 SunPower (SPWR) $ 24.98 TerraForm Power (TERP) $ 20.01 Tesla (TSLA) $ 220.69 TransAlta Renewables (RNW) $ 11.34 Trina Solar (TSL) $ 10.38 U.S. Geothermal (HTM) $ 0.62 Whole Foods Market (WFM) $ 34.24 Yingli Green Energy (YGE) $ 0.52

Good News For Solar Stocks?

Modern Energy Roundup - February 28, 2012

Written by Jeff Siegel
Posted February 28, 2012 at 2:35PM

Here's this morning's Modern Energy Roundup. . .

  • It was announced this morning that GE (NYSE:GE) and JP Morgan will jointly invest $225 million in a partnership that owns a 662.5 MW windfarm in West Texas. Including this project, GE Energy Financial now has a piece of about 20 percent of all the wind capacity in the Lone Star State – which stands at about 10 gigawatts installed. The project also marks GE's second investment with NextEra Energy (NYSE:NEE), which is actually the majority owner and operator of this particular project known as Capricorn Ridge.
  • JA Solar (NASDAQ:JASO) announced this morning that it has lifted its forecast for 2011 shipments due to Q4 sales exceeding previous guidance. Stock was up 9 percent in premarket. This should give the solar sector a lift today after a steady decline following the Germany's recent feed-in tariff cut. Could be a great opportunity for traders. But I wouldn't get too greedy. If you can pull off a quick 10 or 15 percent, I'd lock it in. The sector will likely remain shaky for a few more months.


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