Ecotality Life

Canadian Solar: +87.9% in 3 Weeks

I’m not sure about you, but I know I could use to make almost 88% on an investment in exactly 3 weeks. I’d love to have one of those cool, but pricey, e-scooters that Michael has written about on this site.

Had any of us invested in Canadian Solar (NASDAQ: CSIQ) on the day my fellow green money writer, Tim Plaehn, wrote about it (Oct. 26), that’s the astronomical return we would have made as of the market close on Friday, Nov. 16.

I’m sure I don’t need to put any perspective on that but let’s let Tim bask in the glow — of the hot “Canadian” sun. The US stock market has averaged annual returns in the 10-12% range over the long haul, so we’re talking about making 7-8 years of average returns in 3 weeks. Scorch. Where’s that sunscreen? And make it SPF 50.

As a benchmark, the S&P 500 index (a good proxy for the US stock market as a whole) is down 5.0% over the past 3 weeks. So, Canadian Solar has beat the market by 92.9%.

Tim’s piece stated, “Canadian Solar deserves a look.” So, I knew Tim liked this stock.

Very nice, Tim.

Suntech Power: +45.5% in 4 Weeks

I wrote about this company — which trades on the NYSE under the ticker symbol “STP” — on Oct. 19 and it was posted on Oct. 20.

I liked (and still like) this stock — thus, I listed 9 positives to 3 negatives.

The stock is up 45.4% over the past 4 week period. As a benchmark, the S&P 500 is down 2.8% over that period.

Dan Gurvich wrote a piece about STP on Oct. 25 after new and pertinent info had just come out. Dan ended with this line, “I’d say this would be one to watch.”

Dan’s opinion was right-on. STP is up almost 23.3% since his piece posted 3 weeks ago (3 weeks plus a day for those sticklers). The S&P 500 is down 3.7% over that period.

Solar Going Forward

So has solar had its run? A question nobody can answer for sure. Forget about oil prices and recession-no recession question for now. Nov. and Dec. are historically good months for the stock market and pre-presidential election years (and 2007 is one) are historically the best years for the stock market in the 4-year presidential cycles. So, we have double (positive) trend — and it’s never a good idea to bet against a trend.

Though we write about a range of green money topics, we do try to write about stocks that we think have some merit for further analysis on your end and then possibly investment.

Or, if we don’t like a stock or class of stocks, we would indicate so in hopes that our readers could avoid losses. Case in point: My piece about corn-based ethanol stocks on Nov 2. The two stocks I mentioned are down quite a bit since that piece.

Bill Hobbs has also written about corn-based ethanol not being a good way to go investment-wise.

So, stay with us — but always dig further into any stocks we may discuss.

Tim’s piece on Canadian Solar

My piece on Suntech Power

Dan’s piece on Suntech

This article is not a recommendation to purchase or sell any securities.

First Solar Note: Just noticed as I completed this post that Tim (Oct) and Dan (Nov) posted about First Solar (FSLR), another stock that has had a great run. More about that in a future update.

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