PowerShares WilderHill Clean Energy (PBW)

All Comments on PBW

  • commenter
    puttster
    Aug 21 09:51 AM
    The Anti-S&P 500 Green Portfolio: Lower Correlation, Lower Volatility [view article]
    Almost anyone can construct a portfolio now that would have been good to invest in a year ago. Reply
  • commenter
    David White
    Aug 20 08:00 PM
    With Help from California, Solar Gets Fired Up [view article]
    PJ analyst Jesse Pichel reiterated his buy rating on SOL, and he raised his one year target price to $35. He also explained why he thinks SOL if much better off than other companies such as TSL in terms of margins this year. Specifically SOL already has contracts for its polysilicone stock at reasonable prices. SOL margins should not deteriorate this year. I don't think anyone knows exactly how the long term future will play out in solar. However, it is clear that solar energy is a growing field, and it will be with us for some time. SOL looks to be a well run company. It was listed in a CAPS article today as one of 7 energy stocks set to take off (i.e. one of the best buys in energy). Some of the other stocks listed were PBR, RIG, and CHK. That's pretty heady company for a recent Chinese IPO. Reply
  • commenter
    AlexS
    Aug 20 02:19 PM
    My Website
    With Help from California, Solar Gets Fired Up [view article]
    I like California. Nice beaches. They try out these nutty ideas before the rest of the country so we get to have a test case before we're all subjected to it. Remember the zero pollution vehicle stuff? Now it's renewable energy. The only problem is that they always set the goals so far away so that people forget them if they aren't achieved. This should read 20% renewables by Sept. 18, 2008, otherwise the utilities have to shut down. Come on. No guts, no glory. Reply
  • commenter
    Learning
    Curve
    Aug 20 11:22 AM
    With Help from California, Solar Gets Fired Up [view article]
    To see Reagan in action, proudly pulling off solar panels, see the film, "Who Killed the Electric Car". At the time of Reagan's re-election bid, a Republican acquaintance actually said to me that "we" must destroy alternative energy and subsidize oil in order to stay friends with the Saudis. He was serious! For a good history of how this foolishness brought us down, also see the film "The End of Suburbia". Reply
  • commenter
    David White
    Aug 19 11:50 PM
    With Help from California, Solar Gets Fired Up [view article]
    supershort: Your comment about SOL going down due to the conference call may be a miscalculation on your part. I am not sure it had anything to do with the conference call. The margins seem more or less in line with other manufacturer's. To me it seems more likely the stock was just down today in sympathy with a recently downtrending market. It has been my experience that high growth stocks tend to move in the direction of the market trends, regardless of their fundamentals. This speaks particularly well for LDK, which had great results. LDK also should have a better margins soon with its polysilicone plants due to start producing significant amounts of polysilicone in 2009. Reply
  • commenter
    David White
    Aug 19 11:39 PM
    With Help from California, Solar Gets Fired Up [view article]
    supershort: I am really more a fan of SOL than STP. I just think STP earnings should be good this quarter. Also STP has been a more "followed" stock.

    I am also worried about future margins. However, CSIQ and LDK have already started to make UMG solar along with standard hi-purity polysilicone solar. I expect most of the other hi-purity polysilicone solar makers will move to some combination of hi-purity and UMG manufacturing. This should help margins considerably in the future. The low-purity polysilicone needed for UMG is only about one tenth the cost of the hi-purity polysilicone.

    Further after the conference call Credit Suisse left their Outperform rating unchanged; and they raised their one year target price on SOL from $25 to $29. I have seen no lowering of ratings or target prices yet. I wouldn't be too quick to short this stock. Usually there is a good reason a stock can garner an average 1.8 analyst rating when similar stocks are less well rated. To me it just looks like a well run company with good potential. We will have to see how the solar market shakes out. If there is a fairly quick shift to UMG solar, the possible decreases in price may cause a faster ramp up in demand. The CIGS solar companies should also be a bigger factor within another year or two. I would think FSLR would be a much better short than SOL. I could always be wrong.
    Reply
  • commenter
    Batard
    Aug 19 11:10 AM
    With Help from California, Solar Gets Fired Up [view article]
    Don't forget that Jimmy Carter had put solar panels on the White House 38 years ago and when Ronald Reagan came into office, he had them ripped off. Carter was creating an energy policy 38 years ago that would have us off foreign oil years and years ago.
    So Reagan was ultimately responsible for a 38 year set back in investment and research in alternative energies. In my opinion, he set the stage for the destruction of America. Sure a few people made a lot of money in the interim, but in the process Reagan destroyed our "people first" economy.     Reply
  • commenter
    supershort
    Aug 19 10:50 AM
    With Help from California, Solar Gets Fired Up [view article]
    David, you are a big chearleader for SOL and STP. Sol is currently trading down, as their confrence call didn't bode too well for future margins. Inflation will hit the solar market hard also. Reply
  • commenter
    David White
    Aug 19 09:44 AM
    With Help from California, Solar Gets Fired Up [view article]
    The current average 1 yr. target price estimate on SOL is $28.50. The revenue guidance was for and increase of approx. 13% this year. In theory this seems likely to lead to an approx. 13% increase in 1 yr. target price. This would mean a 1 yr. target price of approx. $32. One might argue that this should translate into a relatively immediate $3.50 pop in the stock price. We'll have to see what the analysts say in the next day or two. Reply
  • commenter
    David White
    Aug 19 09:17 AM
    With Help from California, Solar Gets Fired Up [view article]
    I note the EPS for all of 2007 for SOL were $.86. Therefore a ballpark estimate for Q3 of $.15 is more likely a low figure than a high figure. Reply
  • commenter
    David White
    Aug 19 08:55 AM
    With Help from California, Solar Gets Fired Up [view article]
    SOL almost more than tripled earnings from $.12 in the year ago quarter to $.38 this quarter. I don't have the data for Q3 of last year. Thus I am making a ballpark estimate of $.15 for Q3 of 2007. If you add this to the results since then: Q4 = .34, Q1 2008 = .28, and this result Q2 2008 = .38, the total EPS for the TTM period is .15 + .34 + .28 + .38 = $1.15. The current PE for SOL based on this calculation is $17/$1.15 = 14.78. This is a relatively low PE for a quickly growing stock. It has room to move up. If you estimated a conservative PE to be 20, the stock price could move fairly quickly to $23. In a drastically falling market, this will naturally not happen soon. We will have to see where the market goes. This is still a good result. Reply
  • commenter
    David White
    Aug 19 08:43 AM
    With Help from California, Solar Gets Fired Up [view article]
    STP is supposed to release results tomorrow. This is a more followed company. It also should have good results. If the market starts to go back up again. Both of these companies prices should rise. SOLF is due to report next week. SOLF should also beat estimates. I am hoping we don't get a huge overall market fall in the meantime. If the market cooperates, SOL seems likely to head upward. Reply
  • commenter
    David White
    Aug 19 08:35 AM
    With Help from California, Solar Gets Fired Up [view article]
    Today SOL reported a beat and a guide higher. They reported EPS of $.38 ($.32 had been forecast). They also raised guidance for the year. Revenue moved to $640-$670M from $570-$590M. They also raised the amount of MW they will produce. They are now estimating 340-350MWs for 2008. This is a good result, but not the great result of some others such as LDK. Still this company seems to be well run. The analysts like it (Avg. rating of 1.8). The gross margins were a respectable 24.7%. This stock currently trades at a premium PE. However, this is an illusion. It is a recent IPO. After this last result, I think one might conservatively estimate full year EPS for SOL at approximately $1.40. At the current price of about $17 this morning, the PE for 2008 would be approx. 12. The FPE (2009 earnings) is approximately 8. This is a low multiple for a quickly growing stock that is well thought of. This stock likely has room to move up if the analysts don't ding it for some reason. We will have to wait to see after the company's conference call. Reply
  • commenter
    Maybe
    Aug 19 01:34 AM
    8 Ways to Profit if OPEC Dumps the Dollar [view article]
    It is difficult to overemphasize the role of trust in a debt relationship. All the oil earnings and Japanese savings are on loan to the US; but the US, thanks to losses in the unregulated financial sector,cost of war, and imprudent consumption, cannot afford to pay anything on these loans. Once the lender starts getting negative returns, he'll look elsewhere. The Euro is the first currency that comes to mind, even though the European economies simply cannot absorb the trillions now in US debt paper. Hopefully, a new chapter is being opened from 2009. Reply
  • commenter
    svosavvy
    Aug 18 09:40 PM
    With Help from California, Solar Gets Fired Up [view article]
    Hey spinner, you probably know a few truckers, ask them how they feel about fuel prices. BTW that's a low blow banging the drum about fallen soldiers to sympathize for your political beliefs, don't cheapen their sacrifice, there is a lot of loss around all of us. I'm rural, work my ass off, and not rich probably like yourself. Last time I checked America has been the center of the world for innovation for awhile, people need to get their collective heads out of their butt and realize this is not a dem/rep political thing. If it wasn't for innovation we would still be riding horses, thats the funny thing about innovation it does a lot falling before it can walk. I agree wind is great where its windy like in my backyard. They're building wind turbines and the pieces being trucked in are followed by a heavy state trooper escort because of the local nuts who don't want them. They must think they're Jesse James vs the pinkertons all over again. IMO energy indepence is an excellent way to fight terrorism, physical and economical. Reply

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