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The Prime Pick

~ Investing Advice for the Everyday Investor

The Prime Pick

Tag Archives: SolarCity

Solar Stocks are Going Down, Time to sell (Sell SCTY at least) and buy First Solar Inc. (Ticker: FSLR)

19 Tuesday Nov 2013

Posted by Sudarshan Sridharan in News

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Capitol Hill, Elon Musk, Energy, First Solar, Industry, SCTY, Solar, Solar Industry, Solar Stock, Solar Stocks, SolarCity, Stock, Stocks, Tesla Motors


I would like to apologize for not posting on the Prime Pick for a while. I have been very busy and  in 2 to 3 days’ time, I should be back in full swing. Thank you for understanding.

Elon Musk (and the rest of the Solar Market) is facing HEAVY scrutiny from lawmakers on Capitol Hill (my theory is because they don’t have a scapegoat they can fire yet for Obamacare, but then again, they might actualy want to do something for the country *gasps*) because the Solar Industry has received more Government Grants and Subsidies then all the other industries combined, and it’s been around the least time. Elon Musk, being the owner of the solar market monopolizer SolarCity (Ticker: SCTY) (Well it’s not a monopolizer yet, but after all, it does control 22% of the Solar Market), was questioned vigorously on Capitol Hill by lawmakers facing heavy scrutiny from their constituents and Deep pocket Wall Street SuperPac backers. Mostly, lawmakers wanted to know what the industry as a whole does with all the subsidies and grants it gets. When Musk was unable to answer for what he or the industry does as a whole with their subsidies and grants, lawmakers moved onto a much more intriguing question that, ‘Musk, as the Founder and CEO of SolarCity, must know the answer too,’ stated on lawmaker. A senator from Kentucky had this question for Musk: “What does YOUR company do with the subsidies you get, Elon? The amount of subsidies your receiving, and the amount of subsidies your spending and filing taxes for don’t even have the same number of digits.”

……..And with those two sentences, the unnamed Senator from Kentucky put SolarCity and as a result a majority of Solar Stocks back into the coffin that they were nearly nailed shut with them inside from 2 years ago. However, First Solar Inc. (Ticker: FSLR) will DEFINITELY be receiving a boost and may even overtake SolarCity as the Solar King if Musk doesn’t get his best men on the job for him.

Remember: You read it first here on the Prime Pick!

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Solar Stocks: How and Why they Failed before and the Difference Now

01 Friday Nov 2013

Posted by Sudarshan Sridharan in News

≈ 2 Comments

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City, Difference, Fail, First Solar, FSLR, How, Invest, Investing, Investor, Investors, Now, Solar, Solar City, Solar Stocks, SolarCity, Solars, Stock, Stocks, Ticker, Tickers, Trade, Trader, Traders, Trades, Trading, Why


After Solar companies failed one by one last year and the year before, many people wrote Solar companies off as has beens and stocks that could never take off. Now however, solar stocks have been OFF THE HOOK! 

Some solar stocks have posted gains anywhere from 100% – 800% (Once a stock passes the 800% threshold, and goes into 900% gains without a steep loss, it generally has enough momentum to propel to the veryr are 1000%+ gains range) in share price, and a very select few have posted gains in the 1000% range. First Solar Inc. (Ticker: FSLR) is one of the stocks that has posted monumental gains lately, and it’s a GREAT example of why solar stocks have been on the rise lately. With the rise of Tesla, Solar stocks and electric stocks were back on the map, and when investors started to realize that the Solar industry had fallen so low, and that the stocks were so undervalued that it was easy to buy stocks and drive up the value ridiculously fast – they went for it. 

Why can’t the industry just crash again?

Elon Musk – the infamous owner of Tesla – also owns SpaceX and SolarCity. When Tesla goes up, SolarCity goes down, when SolarCity goes up, Tesla crashes into the ground. Why I bring this up is because SolarCity is an amazing indicator of how the Solar market is going to go. When SolarCity goes up, the solar stocks all go up, when it goes down, all the Solar stocks go down. In fact, one of the first stocks to go down when the Solar bubble burst was SolarCity. This time however the Solar market is protected by SolarCity. The company has been rechristened as another “too big to fail” company by Reuters. (Recognize that slogan? I know you do.) Basically. this means is the company falls, then the market crashes alongside it. And since SolarCity is a indicator of the Solar Market it’s doubtful that it’s going to fall anytime soon. 

 

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