Crude
oil prices have been
surging recently, and there is little
sign that the momentum will be
slowing down. Every time crude oil
reaches these types of elevated levels,
it seems that interest in
alternative forms of energy also rise.
Solar is one type of alternative energy
that gets particular attention, and
should be on investors' radar going
into 2014.
Below these are the Solar stocks I am follow on 2014.
JinkoSolar announces stock/debt offering, shares -3.1% AH
- On a day when its shares gained 9.4% in regular trading and closed near their 52-week high of $37.98 (made last week), JinkoSolar (JKS) announces it's selling 2.75M shares (current value of $97M) and $100M worth of convertible senior notes due 2019. Underwriters will have 412.5K-share and $15M overallotment options. (PR)
- Jinko is far from the only solar name to take advantage of a massive solar stock rally to raise cash. Following a 3.5M-share offering the company carried out in September, Jinko ended Q3 with $218.7M in cash/equivalents and $392.8M in debt.
- Yesterday, Jinko sold off after announcing it's mulling a sale or spinoff of its downstream (solar project) unit. But shares more than made up for it today.
Below these are the Solar stocks I am follow on 2014.
Solar Stocks List
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)
Smaller companies with Solar exposure:
•Energy Conversion Device (Nasdaq: ENER)
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)
Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)
Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com