Chances Oil breaks $100+ again in 2011 are great
When Oil breaks $100+ in 2011 at some point, thats when all the attention will turn to the alternative energy stocks again.
Solar, Wind, Thermal,
Today solar stocks just get shorted everytime they report earnings , does not matter if they crush earnings. Examples LDK last week and CSUN & ASYS today.
2011 though may be a different mood for wall street as they see oil shoot over $100+ for the first time since the crash. ASYS will be one company that will be taking advantage of the mood shift in Solar as it guided to $200M sales in 2011.
Today though, ASYS is up +1.55 but thats a far cry from what it could have been up if this was 2011 right now and oil over $100+.
In 2008 when oil hit $147 , Solar stocks would soar to dizzy highs if they reported estimate beats on the percentage surprise that ASYS just reported today. Oh well , I guess we have to wait out till the sentiment shifts in Solar with the spike in oil in 2011.