Solar Power Profits
Written by Brian Hicks
Posted November 17, 2005
At the top of a revised $16 to $18 range (from $12 to $14), Cypress Semiconductor-owned SunPower Corporation debuted today at $18. The IPO was a stunning success.
Before 11:30 the stock was up more than 50%.
But the reason I'm telling you about SunPower today is not because of the stock's impressive morning gains.
You see, thanks to the additional hype generated from SunPower's IPO, the solar industry as a whole has been getting a free PR ride over the past month - which, fortunately for us, has done nothing but push our solar stocks even higher.
In fact, one of our most recent solar plays is up more than 40% in just 27 trading days.
Based on market behavior, I think solar energy stocks, and renewables in generally, will lead the market in 2006.
Don't miss out.
If you want the latest investment recommendations in the hot renewable energy stock sector, join my Green Chip Stocks service: [Green Chip Stocks]
Just in the past year, the Green Chip Stocks portfolio is up 27% for 2005. Of the 13 open positions in the portfolio, only 3 are down!
-Jeff Siegel
Before 11:30 the stock was up more than 50%.
But the reason I'm telling you about SunPower today is not because of the stock's impressive morning gains.
You see, thanks to the additional hype generated from SunPower's IPO, the solar industry as a whole has been getting a free PR ride over the past month - which, fortunately for us, has done nothing but push our solar stocks even higher.
In fact, one of our most recent solar plays is up more than 40% in just 27 trading days.
Based on market behavior, I think solar energy stocks, and renewables in generally, will lead the market in 2006.
Don't miss out.
If you want the latest investment recommendations in the hot renewable energy stock sector, join my Green Chip Stocks service: [Green Chip Stocks]
Just in the past year, the Green Chip Stocks portfolio is up 27% for 2005. Of the 13 open positions in the portfolio, only 3 are down!
-Jeff Siegel
