Solar projections are too bright
Analysts and investors have their expectations set to high for this industry.
Am I the only one who is having butterflies about the solar industry? Is there a market for this resource, or is it all just smoke and mirrors?
Using Barchart, I found 4 solar stocks that on average are up over 20% in the last month alone. The brokerages have fantastic projections and there is very high investor sentiment, but my intuition is holding me back from making a recommendation. Here's what others think. Let me hear your opinions.
- Barchart Trend Spotter technical buy signal
- 9 new highs and up 29.13% in the last month
- Relative Strength Index 64.33% and rising
- Trades around 28.16 with a 50 day moving average of 24.63
- Wall Street brokerages have 4 buy, 1 hold and 2 under perform recommendations
- Revenue projected to increase 177.40% this year and 43.10% next year
- EPS estimated to increase 1,302.30 this year and increase annually 15.00% for at least 5 years
- Motley Fool CAPS members vote 75 to 22 and All Stars vote 14 to 8 that the stock will beat the market
- Barchart Trend Spotter (tm) technical buy signal8 new highs and up 23.40% in the last month
- Relative Strength Index 55.18%
- Trades around 10.23 with a 50 day moving average of 9.42
- Wall Street brokerages have 8 buy and 2 hold recommendations published
- Revenue projected to increase 131.50% this year, 16.80% next year
- EPS estimated to increase 324.40% this year, 11.90% next year and 11.67% annually for at least 5 years
- Motley Fool CAPS members vote 1,103 to 29 and the All Stars vote 297 to 4 that the stock will beat the market
- 88% Barchart technical buy signal
- 5 new highs and up 21.09% in the last month
- Relative Strength Index 62.40% and rising
- Trades around 12.72 with a 50 dy moving average of 11.11
- Wall Street brokerages have published 10 buy, 6 hold and 5 under perform recommendations
- Revenue projected to increase 111.60% this year and 27.60% next year
- EPS estimated to increase by 188.10% this year, 19.90% next year and 23.35% annually for the next 5 years
- Investor sentiment on Motley Fool is high with the CAPS members voting 1,372 to 94 and the All Stars 320 to 33 that the stock will bet the market
- 80% Barchart short term technical buy signal13 new highs and up 18.66% in the last month
- Relative Strength Index 65.16% and rising
- Trades around 27.37 with a 50 day average of 24.35
- Wall Street brokerages have published 25 buy, 3 hold and 2 under perform recommendations
- Revenue projected to increase by 104.10% this year and 18.10% next year
- EPS estimated to increase 100.00% this year, 8.00% next year and 18.98% annually for the next 5 years
- Investor sentiment on Motley Fool high with the CAPS members voting 1,034 to 186 and the All Stars 267 to 64 that the stock will beat the market.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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