Good News For Solar Stocks?
Modern Energy Roundup - February 28, 2012
By Jeff Siegel
Tuesday, February 28th, 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.
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