Wednesday 14 January 2009

Sun, sun, sun... here we come

One more week to go and then Obama takes the White House. As we live in the age of Harry Potter solutions to economic problems, everybody tries to get a piece of the 1 trln pie. Alliances and lobby groups are growing faster than mushrooms for the moment. Commercial property, carmakers, casino’s, Fannie&Freddie, insurance, schools…
Its becoming epidemic
Santa is coming twice this year.

Alternative energy hopes to fork 25 bln USD in their direction. That’s quite some monopoly money. No goals are clear or set, but Wall Street tries as usual to talk involved stocks up.
There is a song asking ‘do you believe in magic?’
We would dub it ‘do you believe in all the BS coming out of Wall Street ?’
A lot of people do.
Time to do the Obama rally.
A lot of pro’s are waiting to short this move.

We’re not buying it.
Neither are some analysts cutting estimates all along the alternative energy coast.
The solar sector was downgraded yesterday.
Which is interesting, because a lot of names in this sector are not American but Chinese. Only a year ago this sector was partying.
How quick can the tables of fortune turn.
R. Stone from Cowen & Co downgraded China Sunergy (ticker: CSUN), Energy Conversion Devices (ticker: ENER), Evergreen Solar (ticker: ESLR), First Solar (ticker: FSLR), SunPower (ticker: SPWR) and Trina Solar (ticker: TSL).



Sphere: Related Content

No comments:

Post a Comment

Enter your email address:

Delivered by FeedBurner