Each month, Timothy Lutts assesses the investment landscape and selects a single favorite stock in his Cabot Stock of the Month. Here, he reviews some of these top picks, covering aerospace, solar power, and electric cars.
Steve Halpern: We're here today with Timothy Lutts, editor of Cabot Stock of the Month. How are you doing Timothy?
Timothy Lutts: Great, Steve, glad to be here.
Steve Halpern: For those not familiar with your work, the Cabot publishing group includes 11 newsletters, edited by some of the nation's top advisors; then each month in your newsletter, Cabot Stock of the Month, you consider the recommendations from all the advisors in the Cabot Publishing Group and select a single favorite idea. What criteria do you look for when choosing your top pick each month?
Timothy Lutts: I start by looking at the market environment to see whether we're in a trend or a downtrend. Today we're in a long uptrend, as we've been for all of 2013.
Hot International Companies To Watch For 2015: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
Advisors' Opinion:- [By Gary Bourgeault]
Other companies of note that will be hurt will be LDK Solar (LDK), Suntech Power (STP), JA Solar Holdings Co., Ltd. (JASO) and Renesola (SOL) among others. Some these are already hanging on by a thread because of taking on too much debt and defaulting on bonds.
Hot Solar Companies To Buy Right Now: Yingli Green Energy Holding Company Limited(YGE)
Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in the People?s Republic of China and internationally. The company offers PV cells, PV modules, and integrated PV systems, as well as polysilicon ingots, blocks, and wafers. It sells its PV modules to distributors, wholesalers, power plant developers and operators, and PV system integrators in Germany, the United States, Italy, China, Spain, the Netherlands, Greece, the Czech Republic, the United Kingdom, South Korea, and Japan under the Yingli and Yingli Solar brand names. The company also offers its integrated PV systems directly to end-users or to contractors for use in the electricity projects, as well as to mobile communications companies in the People's Republic of China. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the People? s Republic of China.
Advisors' Opinion:- [By Dan Caplinger]
Finally, beyond the Dow, several Chinese solar stocks jumped considerably today, with Yingli Green Energy (NYSE: YGE ) posting double-digit percentage gains and Canadian Solar (NASDAQ: CSIQ ) finishing up about 8%. With news that the Chinese government will spur demand with projects designed to help struggling solar stocks to return to profitability, investors in Yingli, Canadian Solar, and other Chinese solar companies concluded that they could benefit from the potential windfall. In the long run, though, even the Chinese government's best efforts could prove insufficient to do more than simply keep these companies from facing tough decisions that they'll eventually have to make.
- [By Travis Hoium]
Solar tariffs in Europe started at a low 11% rate last week, but if a deal between Europe, China, and even the U.S. isn't reached by Aug. 6 then they could go up to as much as 68%. This is clearly a negative development for Chinese manufacturers like Yingli Green Energy (NYSE: YGE ) , LDK Solar (NYSE: LDK ) , and Trina Solar (NYSE: TSL ) , but it's not necessarily good for U.S. companies either. First Solar (NASDAQ: FSLR ) has little presence in Europe right now and SunPower (NASDAQ: SPWR ) won't see much benefit from tariffs either. In the end, tariffs are bad for nearly everyone, a sentiment Travis Hoium covers in the video below.�
- [By Paul Ausick]
Canadian Solar has been on a tear, and the company�� market value is a fairly modest $587 million. But that�� most of the Chinese solar players. Only Trina Solar Ltd. (NYSE: TSL) and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) have higher market caps.
- [By Travis Hoium]
Who will win the solar panel battle?
Installers, particularly those in residential, deal with this conundrum every day, and the industry is changing rapidly. SolarCity (NASDAQ: SCTY ) has been known to use manufacturers like Trina Solar (NYSE: TSL ) and Yingli Green Energy (NYSE: YGE ) , who are two of the biggest manufacturers in the world and compete mostly on cost. Where system costs are low, they will win business.
Hot Solar Companies To Buy Right Now: Ascent Solar Technologies Inc.(ASTI)
Ascent Solar Technologies, Inc., a development stage company, focuses on commercializing flexible photovoltaic (PV) modules using its proprietary technology. The company intends to manufacture roll-format PV modules that use copper-indium-gallium-diselenide (CIGS) on a plastic substrate. Its proprietary manufacturing process deposits multiple layers of materials, including a thin-film of CIGS semiconductor material on a plastic substrate and laser patterns the layers to create interconnected PV cells or PV modules through monolithic integration process. The company would serve the building applied photovoltaic (BAPV) and building integrated photovoltaic (BIPV) market, as well as specialty markets, such as defense, portable power, transportation, electronic integrated photovoltaic, and space and near-space. It has a strategic relationship with Norsk Hydro Produksjon AS to access customers in the BIPV/BAPV markets worldwide. Ascent Solar Technologies, Inc. was founded in 200 5 and is based in Thornton, Colorado.
Advisors' Opinion:- [By John Udovich]
Solar stocks have not exactly given buy and hold investors a smooth ride, but small cap�GT Advanced Technologies Inc (NASDAQ: GTAT) could be an interesting materials play on the solar sector���meaning its worth taking a closer look at the stock along with potential peers like Ascent Solar Technologies, Inc (NASDAQ: ASTI) and STR Holdings, Inc (NYSE: STRI) plus solar ETF Guggenheim Solar ETF (NYSEARCA: TAN). I should mention that just last week, we added GT Advanced Technologies to our�SmallCap Network Elite Opportunity (SCN EO) portfolio for both�fundamentals and technical reasons and we are already up almost 9%.
Hot Solar Companies To Buy Right Now: Canadian Solar Inc.(CSIQ)
Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it and third party supplied components, such as inverters, racking system, and other accessories, as well as implements solar power development projects. The company sells its products under the Canad ian Solar brand name. Canadian Solar Inc. offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar projects; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. The company was founded in 2001 and is based in Kitchener, Canada.
Advisors' Opinion:- [By Claudia Assis]
Canadian Solar (CSIQ) �said it expects to report first-quarter revenues between $460 million and $470 million, compared with a previous forecast of $415 million to $430 million. Shipments of solar modules will be in a range of 490 megawatts to 500 megawatts, compared with previous guidance of 470 megawatts to 490 megawatts.
- [By Tyler Crowe]
TransCanada (NYSE: TRP ) is known much more for its Keystone XL pipeline, but the company is also looking at other ways to profit just in case this project goes south. The company just recently announced that it will be spending approximately $450 million on solar projects through Canadian Solar (NASDAQ: CSIQ ) over the next several years.�
- [By Travis Hoium]
Chinese solar stocks have been up and down daily based on tariff rumors from Europe. But what will the impact be for major manufacturers such as Trina Solar (NYSE: TSL ) , Canadian Solar (NASDAQ: CSIQ ) , and Yingli Green Energy (NYSE: YGE ) ? Solar analyst Travis Hoium goes through the two most likely possibilities in the following video.�
- [By iStockAnalyst]
[Related -Canadian Solar Inc. (CSIQ) Q1 Earnings Preview: Sun Usually Doesn�� Shine]
It is the first of five planed solar project sales to Concord Green Energy, says Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
Hot Solar Companies To Buy Right Now: JA Solar Holdings Co. Ltd.(JASO)
JA Solar Holdings Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and sale of photovoltaic solar cells and solar products, which convert sunlight into electricity in the People's Republic of China. The company?s principal products include monocrystalline and multicrystalline solar cells, as well as various solar modules. It also provides silicon wafer and solar cell processing services. The company sells its products primarily under the JA Solar brand name, as well as produces equipment for original equipment manufacturing customers under their brand names. It sells its solar cell and module products primarily to module manufacturers, system integrators, project developers, and distributors in the Germany, Italy, the United States, Hong Kong, Spain, India, the Czech Republic, France, and South Korea. The company has strategic partnerships with various solar power companies, such as BP Solar, Solar-Fabrik, and MEMC/SunEdison. JA Solar Holdings Co., Ltd. was founded in 2005 and is based in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Wall Street Strategies]
Naturally the news is a big positive for the industry, with Chinese solar names like Yingli (YGE), Trina (TSL), Canadian Solar (CSIQ) -- which is actually Chinese despite its name -- JinkoSolar (JKS), JA Solar (JASO), and LDK Solar (LDK) each up more than 10% at midday. The Guggenheim Solar ETF (TAN), which tracks several global solar companies, was up 8%, breaking to a new 52-week high.
- [By Paul Ausick]
Big Earnings Movers: Tiffany & Co. (NYSE: TIF) is up 8.7% at $88.05 following positive results and a raised outlook. Barnes & Noble Inc. (NYSE: BKS) is down 6% at $15.45 as the bookseller watches its revenue slide. JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is down 10.3% at $XX on a mixed earnings report and LDK Solar Co. Ltd. (NYSE: LDK) is flat at $1.60.
- [By Paul Ausick]
Chinese solar companies are a different story. Many manufacture their own silicon wafers and sell silicon to other makers. Trina Solar Ltd. (NYSE: TSL), LDK Solar Co. Ltd. (NYSE: LDK), JA Solar Holdings Co. Ltd. (NASDAQ: JASO) and Canadian Solar Inc. (NASDAQ: CSIQ) all manufacture and sell solar ingots, wafers or cells.
- [By Paul Ausick]
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) stands to benefit from the increased demand for solar power from China. That country is set to overtake Europe, the U.S., and Japan as the world�� largest consumer of solar panels and modules. That�� good for the Chinese solar makers, but it will be difficult for U.S. analysts and investors to figure out exactly what�� happening with the individual companies due to the lack of real transparency into their operations.
Hot Solar Companies To Buy Right Now: LDK Solar Co. Ltd.(LDK)
LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. It offers solar-grade and semiconductor-grade polysilicon; and multicrystalline and monocrystalline solar wafers to the manufacturers of solar cells and solar modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, such as ingots and polysilicon scraps. In addition, it engages in the production and sale of solar cells and modules to developers, distributors, and system integrators; and design and development of solar power projects in Europe, the United States, and China, as well as provides engineering, procurement, and construction services. LDK Solar Co., Ltd. operates in Europe, the Asia Pacific, and North America. The company was founded in 2005 and is based in Xinyu City, t he People?s Republic of China.
Advisors' Opinion:- [By Travis Hoium]
What: After a two-day run-up in solar stocks, the party ended quickly, and every stock in the industry is dropping like a rock. Suntech Power (NYSE: STP ) led the declines by falling 23%, and LDK Solar (NYSE: LDK ) , Yingli Green Energy (NYSE: YGE ) , and JA Solar (NASDAQ: JASO ) all dropped at least 15%.
- [By Dan Caplinger]
The state of the Chinese solar industry has grown increasingly dire recently, as Suntech Power defaulted on its bonds rather than receive an anticipated bailout from the Chinese government. LDK Solar (NYSE: LDK ) has also faced big problems, having "partially defaulted" on bonds last month and negotiating a settlement with many of the bondholders. Yet although ReneSola has similar debt challenges, it was able to secure a $51 million loan from the China Development Bank, giving it more breathing room to try to work its way out of its financial troubles.
Hot Solar Companies To Buy Right Now: JinkoSolar Holding Company Limited(JKS)
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of solar power products in China and internationally. The company provides solar modules, silicon wafers and ingots, and solar cells, as well as processing services, including silicon wafer tolling services. It sells its products under the JinkoSolar brand name. The company?s customers include distributors, project developers, and system integrators. It trades its products under short-term contracts and by spot market sales. The company also produces accessory materials for solar power products, such as solar aluminum frame, solar junction box, aluminum materials windows, and other metal component parts. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People?s Republic of China.
Advisors' Opinion:- [By Rick Munarriz]
Briefly in the news
VeriFone (NYSE: PAY ) shares tumbled 21% on Thursday, after the transactions enabler missed Wall Street's profit expectations and issued disappointing guidance. VeriFone wasn't very fun. TiVo (NASDAQ: TIVO ) can't catch a break. The DVR pioneer was on the receiving end of a $490 million settlement, but the stock still took a hit because it was less than the market was expecting. Go figure. TiVo's intellectual capital alone has been enough to be awarded $1.6 billion in damages in recent years, but the company's enterprise value is a mere $1 billion. Amazon.com (NASDAQ: AMZN ) is not the second coming of Webvan, but it is expanding its AmazonFresh grocery delivery service to Los Angeles. It's been testing the service fir years in select neighborhoods in its home turf of Seattle. JinkoSolar (NYSE: JKS ) moved higher on Friday after reporting a 36% surge in shipments. Solar energy was out of favor last year, but some players are starting to show signs of brightening.
And now let's take a quick look at some of the other stories that shaped our week. - [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
Yingli Green said it will continue to fight a U.S. plan to close a loophole that allowed Chinese solar manufacturers to avoid tariffs by assembling their products outside China. Yingli shares dropped 6.4% to $2.76 premarket. Among the other Chinese solar stocks trading lower Wednesday are JinkoSolar Holding Co.(JKS), Trina Solar Ltd.(TSL) and JA Solar Holdings Co.(JASO)
- [By Travis Hoium]
What: Solar stocks are shooting higher again today as the strong run in 2013 continues. LDK Solar (NYSE: LDK ) , Canadian Solar (NASDAQ: CSIQ ) , Yingli Green Energy (NYSE: YGE ) , Hanwha SolarOne (NASDAQ: HSOL ) , and JinkoSolar (NYSE: JKS ) led the way, gaining between 10% and 22% today.
- [By Lisa Levin]
JinkoSolar Holding Co (NYSE: JKS) dropped 9.88% to $16.87 after the company announced the offering of 3,500,000 American Depositary Shares.
Fuwei Films (Holdings) Co (NASDAQ: FFHL) dropped 9.66% to $1.30. Fuwei Films' trailing-twelve-month ROE is -10.85%.
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