Good News For Solar Stocks?
Modern Energy Roundup - February 28, 2012
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.
The Best Investment Decision You'll Ever Make
Back -room wind energy deals in China... See-through solar panels... 500-mile electric car batteries... whether you've been reading about it or not, there's an alternative energy boom that's rapidly taking over. And it's making a handful of smart investors, very, very rich.
To get in on this action, become an Energy and Capital member today – absolutely free. Simply enter your email in the box below, and we'll send you your first free report, The Wind Power Advantage, right away.
Enjoy this article? Get even more in our FREE newsletter!
After getting your report, you’ll begin receiving the Green Chip Stocks e-Letter, delivered to your inbox daily.