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Zacks Industry Outlook Highlights: Evergreen Solar Inc., JA Solar Holdings Co Ltd., A-Power Energy Generation System, LDK Solar Company Ltd. and First Solar Inc. – Press Releases

Zacks Market Commentaries (November 5th, 2009) Writes:
For Immediate Release

Chicago, IL – November 5, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Alternative Energy sector, including Evergreen Solar Inc. (ESLR), JA Solar Holdings Co Ltd. (JASO), A-Power Energy Generation System (APWR), LDK Solar Company Ltd. (LDK) and First Solar Inc. (FSLR).

A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/26898/Alternative+Energy.

Alternative energy stock prices generally rise and fall in direct proportion to the price of crude oil. While in times of high oil prices this may present an opportunity, it also increases volatility in the sector.

Industry-wide excess solar cell and module capacity have led to stockpiling across the board. As a result, we think the performance of companies such as Evergreen Solar Inc. (ESLR), JA Solar Holdings Co

...

Alternative Energy – Industry Outlook

Zacks Market Commentaries (November 4th, 2009) Writes:
OUTLOOK The Alternative Energy industry is going through a recovery after absorbing the global recession and the cascading fall in global crude oil prices. Earlier this year, quite a few alternative energy companies were in the trough. Though these companies have recovered from their lows, their valuations are still significantly lower than their 52-week highs. The growth of alternative energy companies is closely tied to the fortunes of the economy. In its latest release, the Energy Information Administration (EIA) predicted that total U.S. electricity consumption will decline by 3.3% in 2009 before growing by 1.3% in 2010 as the improving economy coaxes a gradual recovery in electricity sales. In fiscal 2008, annual U.S. photovoltaic (PV) installed capacity grew by 63% year-over-year, bringing the cumulative installed capacity to 792MW. According to the Solar Energy Industries Association (SEIA) -- the U.S. trade association representing close to 500 companies ...

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