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Friday, January 13, 2006

[Technology]More Soloar Power

Gasoline price has rose again recently. Natural gas price has also gained 50% in some part of United States such as California. With high energy price become normal in the years to come, alternative energy development must be the new growth area especially after California regulartors approved solar-energy package - an incentive program for using solar power.

In the
previous article we have covered one of the companys specialize in solar energy Everygreen Solar(ESLR) and the stock price has been up 11% since. Here let's take a look at some other companys that are also engaging in solar technology.
  • Energy Conversion Devices, Inc. (ENER): the Rochester Hills, MI based firm offers Photovoltanics which provides clean energy by coverting sunligh into electricity. The approval of solar power incentive program send the stock to new 52 week high yesterday at $50.63 per share. The stock was traded just below $20 per share a year ago.
  • Sunpower Corporation (SPWR): the Sunnyvale, CA based firm sales solar cell, slar panel and inverters that generate electricity from sunlight. The company has just went public last November and is now trading $7 above IPO day closing price of $27.1 per share, a 20% gain.
  • Applied Films Corp. (AFCO): the Longmont, CO company provides thin film deposition equipment for solar cell and flat panel display. After hitting 52 week low near $18 per share in early December the stock been on a rally and is now trading at $22 per share. More solar cell demand world-wide should bring in more revenue has company has presense in US, Germany, Belgium, Taiwan, Korea, Japan and China.
  • Suntech Power Holdings (STP): the China based company engages in development of solar cells, solar modules, and photovoltanic system. The company sales solar energy products to Europe, America, Middle East, Africa and Asia. After going public last December, the stock has gained more than 60% since and is now trading at $35 per share.


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