SUNE is +88% over the past 2 weeks.
RUN is +71%, SCTY is +61%, TERP +58%, ASYS +42% and a slew of others are +30%–all over the past two weeks. While it’s true, the bill passed by congress will usher in at least $40 billion in U.S. investment by 2020, more than double the number of jobs in the industry, to over 420,000–it’s also a moronic thing to chase stocks up this much into a low volume, elevator cable snapped into shaft type of market.
What can go wrong, right?
Then again, remember when ethanol was going to take the country by storm or how cyber security stocks were slam dunks?
Moderate yourselves, young plebs. Nothing is a sure thing, but death and taxes. Just two weeks ago, SUNE was heading for bankruptcy. Now everyone loves them.
Even with the recent run, median p/s are almost half of what they were last year. For 2015, FSLR is the biggest winner, up 43%. But, overall, the sector is down 7%. I must admit, given the carnage in oil, I would have expected solar stocks to all but melt away. But they’ve been resiliant and have the backing of the U.S. govt.
In other words, if you must own these stocks, consider dollar cost averaging. I assure you they will come in.
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Yeah, I’m going to chase solar when natural gas is free, and utilities are being paid to take left over coal from bankrupt miners.