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Energy

Japan Nuclear Fallout’s Silver Lining: Solar Soars (FSLR, SPWRA, STP, LDK, JASO, CSIQ, SOLR, ENER, WFR, TAN)

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By Jon C. Ogg Updated Published

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The possible nuclear power reactor meltdown in Japan is killing anything tied to nuclear energy today.  As with most events, there is generally a silver lining elsewhere.  It just so happens that the solar power lobby may have been given its greatest gift ever in the tragedy unfolding in Japan.

First Solar, Inc. (NASDAQ: FSLR) just opened up 4.8% at $146.50; SunPower Corporation (NASDAQ: SPWRA) is up 4.2% at $14.87; Suntech Power Holdings Co. Ltd. (NYSE: STP) is up 5% at $8.46; LDK Solar Co., Ltd. (NYSE: LDK) is up 5.2% at $11.25; JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is up 5.4% at $6.64; Canadian Solar Inc. (NASDAQ: CSIQ) is up 3.3% at $11.42; and GT Solar International, Inc. (NASDAQ: SOLR) is up 4.9% at $10.21.

Two laggards in the sector are Energy Conversion Devices, Inc. (NASDAQ: ENER) and MEMC Electronic Materials Inc. (NYSE: WFR).  Energy Conversion is up 4% at $2.58 and MEMC is up 8.3% at $13.05.

Guggenheim Solar (NYSE: TAN) is up 5.8% at $7.80.

It is hard to think solely about the winners when you see the death toll estimates now getting closer to 10,000 and when you see the economic impact that will hurt a nation that has already seen two dead decades.

The logic behind this move is a rather easy argument.  If solar power plants have an accident, they tend not to pose risks to civilization.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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Jon C. Ogg |

Alternative Energy Watch: US Nukes Safe Americans Tell Gallup; Wind Installations Lag in 2010 (ARVCF, EXC, DE, AMAT, ASML, WFR, SPWRA, STP, YGE, XEL, GE, PCG)

It is time for our daily review of the alternative energy sector. The pollsters at Gallup asked US citizens in…

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Alternative Energy Watch: Different Views on 2011 Demand for Solar, GE Buys Again (JASO, FSLR, WFR, GE, ARVCY, ABB)

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This will not be the first time you have heard this statement from 24/7 Wall St…  “Solar stocks may be…

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Solar Sector Pounded by German Cuts, Bankruptcy (FSLR, LDK, JASO, STP, WFR, ENER, TAN)

Shares in solar panel makers are getting a thrashing this morning on the expectation that cuts to Germany’s feed-in tariff…

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First Solar, The Ultimate Sector Solar Drag Rather Than Savior (FSLR, WFR, SOLR, JASO, JKS, LDK, TSL, STP, YGE, SPWRA, TOT, ESLR, ENER, ASTI, TAN)

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Alternative Energy Watch: Investment in Clean Energy Fall; France Cancels Permits for Shale Gas Drilling; MEMC Meets Canadian Rule for Feed-in-Tariff (TOT, DVN, MEMC, CSIQ)

Today’s review of developments in alternative energy includes a look at the drop in investment in clean energy projects, the…

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Opportunities & Risks In Clean Energy Funds (PBW, TSLA, SOLR, SQM, PPO, TAN, FSLR, MYBUF, TSL, SPWRA, GEX, CREE, ICLN, OEZVF, EOC, KWT, WFR)

Clean energy funds first sprung up in about 2005, with the PowerShares WilderHill Clean Energy Fund (NYSE: PBW). Others have…

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Still Too Many Mixed Solar Signals (FSLR, ENER, AMAT, CSIQ, VECO, ED, WFR)

There are many things that help solar power and orders for the sector, but arguably higher energy prices and tax…

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The Solar Consolidation Phase May Just Be Starting (JASO, LDK, JKS, SPWRA, TOT, RSOL, WFR, FSLR, ESLR, ENER, TAN)

The merger and consolidation phase in solar may be getting underway.  Solar PV maker JA Solar Holdings, Co., Ltd. (NASDAQ:…

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