• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 1 day Science: Only correct if it fits the popular narrative
  • 19 hours Crazy Stories From Round The World
  • 1 day Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 20 hours Everything You Need To Know About Trump
  • 8 hours IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 20 mins Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 1 day Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 2 hours Water, Trump, and Israel’s National Security
  • 18 hours Impeachment Nonsense
  • 10 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 2 days What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 2 days Who writes this stuff? "Crude Prices Swing Between Gains, Losses"

Investing In Solar Power’s “Picks, Pans And Shovels”

Last week, for the first time since I started writing here, I wrote a positive piece about solar energy. I picked two companies, First Solar (FSLR) and Canadian Solar (CSIQ) that I believed could benefit from a general upturn in the solar energy sector. Over the last week they have gained 4.55% and 10.89% respectively; so far, so good!

It is nice to see that short term pop in both stocks, but the selections were really based more on a long term belief that the industry is about to turn after several years in the doldrums. That downturn was caused in part by oversupply in the solar business. As supply has slowed to restore equilibrium in the supply and demand equation, prospects for companies in the sector have improved. The downside to that has been the effect on businesses that supply the industry.

Amtech Systems (ASYS) would be a case in point. In fact, Amtech, who manufacture parts and systems for the solar power and semiconductor industry, got hit on two fronts. Just as oversupply affected their business supplying solar power companies, so the same dynamic hurt the semiconductor industry. They went from consistent profits to consistent losses, seemingly overnight. Earlier this month, as those losses came in at over twice the consensus expectations, the market finally lost patience and the stock tanked.


Figure 1: ASYS 3 Month

Hidden in that disastrous quarter, however, was some good news; orders were up 125% on a year to year basis, largely…




Oilprice - The No. 1 Source for Oil & Energy News