Solar Stocks No Longer Materially Under-Valued
On 2/19 we asked if solar stocks were “intrinsically cheap”, posing the question in the context of a comparison b/t the path the TAN ETF had taken off its 2008 bubble highs to other bubble collapses in history. At the time,…...
This Solar Stock Poised for a Rally?
In the chart below I plot LDK. It’s both solar and China-based, two groups we’ve favored for quite awhile now. It’s been trapped in a consolidation pattern formed b/t lines (1) and (2) for the past three years. At the…...
Solar Stock Update
On February 19th we had a post that asked if solar stocks were intrinsically cheap. By “intrinsically cheap” we meant relative to the average and worst paths that other bubbles, after they had collapsed, had taken off their-all time highs…....
Are Solar Stocks Intrinsically Cheap?
Very simple post here. The analog below shows the path the Guggenheim Solar ETF (TAN) has taken off its highs in 2008 and compares it to the path the average and worst bubbles have taken off their respective highs through…...
This Beleaguered Industry Just Broke out From a Bullish Descending Wedge Pattern
The chart below plots the Guggenheim Solar ETF (TAN). At its recent lows it was trading at a mere 5% of its all-time high prices in 2008. I’m not attempting to make a compelling fundamental thesis in this post detailing…...