Solar Power Round up: FLSR is dying a slow death... Is Solar Dead as well?
Massive insider selling at FSLR has Jim Cramer bailing on his FSLR stock pick he kept telling people to buy since months and months ago.
If FSLR is dying a slow death due in part to it's bloated P/E Ratio and some problems under investigation..... Then should everyone bail out on Solar Energy Companies?
Here's a round up of Solar Power Companies today starting with the Solar Power Index Fund:
TAN (Index Fund): $26.93 down over 3% of it's Friday value.
SOLF: $19.59 down nearling 10% of it's Friday value.
STP: $39.18 down nearly 3% of it's Friday value.
ESLR: $9.39 down nearly %4.5 of it's Friday value.
SPWR: $76.68 down nearling %3.5 of it's Friday value.
WOW! What a sector!!!! Plummeting into the ground..... There's no hope..... no future for Solar....Abandon ship! Abandon ship!!! Must hop on board the WIND energy FAD.... or the HYDRO FAD... OR dump all of my money into DAR for the Bioenergy/ ethynol FAD!!
But that's before....ALAS..... a *hero* emerges from out of the pile!:
AMAT (Applied Materials): Up .21% from it's Friday value!!
Yaaaaay! Applied Materials to the rescue!!! Here it comes to save the day! Solar Power is here to stay!
Give me an A.....give me a B...Give me a U.....Give me a D...give me another A....give me an H...give me another B......give me an I...
What does that spell? ABU DHABI!!!!
AMAT is poised to become the Microsoft of Solar Energy. Al eyes will be fixated on Applied Materials in their upcoming conference on how to make solar power cheaper per wattage.