It doesn’t take a genius to realize that solar companies offer the same promise as CREE: a reduced dependency on the electrical grid. But pull out a 2013 chart of CREE and compare it to your favorite solar issuance. Actually no, I’ll do it for you.
Behold! Greatness, smooth and non-porous…vs…bleep,blop,bloop:
Better yet, let’s get visualized via a performance chart, shall we?
NOTICE ANYTHING? I do, CREE besting the competition and doing so in a smooth, methodical manner. But wait, who is that little shining star, outperforming on the year ever so boldly?
Indeed it is ENPH. And I’m fully over sized into ENPH, sitting though a melt down of sorts. If I had it my way, I’d be buying more I bought more here because ENPH is a winner this year, don’t let anyone tell you otherwise. I implore PPT subscribers to dial this ticker into your machines and observe the statistics.
It’s hot. All other solar exposure is a crappy crap shoot, trust. Look at March and April weakness across the board on the performance chart, who didn’t care? CREE and ENPH.
Think
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So did you dump FSLR, or still hold thinking 52.5? Thanks Raul.
I’m still holding FSLR, it’s testing the neckline of an inverted HnS right here, which, if we see a bounce would confirm the setup very nicely.
I’m just more impressed by CREE and ENPH
Thanks ! Have a good weekend.
$ENPH is the only solar stock that is rated a strong at BAML. They think this has a niche that can’t be done elsewhere. $13.50 target. Either you and I are playing In scrooge mcducks vault this year or panhandling on Fulton st. …my preference is the former.
Talking chart, it went very overbought a few months back, and it’s spending some time digesting that move.
ZNGA on the other hand, is just coming to life, and I want shares ASAP because this move looks like it wants to come sooner than later.
EXK looks ready for the revision trade here, trigger above $3.75, target 1 is $4 (6.7% gain), target 2 is ~$4.50 (20% gain), then you just let the final piece ride and see if the big bankers want to turn this thing around.
It’s a great trade that should be on everyone’s radar.