"Our 2007 results increased our position as the low-cost leader in the industry and brought us closer to achieving price points that make solar electricity viable," without significant government subsidies, First Solar chief executive Mike Ahearn said in a conference call with analysts.
This is a key statement for Solar Energy in general. Obtaining a competitive price point without government subsidy. When manufactures make solar cells at such an affordable rate as to not require govt intervention or 5+ years to recoup your investment it will be much more widely accepted. And that will lead to much higher stock prices if companies can keep production in line with demand.
By the way with all the hype of Solar being a China Play remember First Solar is out of Phoenix, AZ.
Read the rest here: http://biz.yahoo.com/ap/080213/solar_power.html?.v=1
PBW is the ETF I have been recommending, FSLR is one of their top 10 holdings
Baidu.com:
After the bell reported over 70% increase over last year. Up in afterhours trading. Let’s see what this does tomorrow. BIDU has some interesting plans for 2008, one to be competitive with ALibab.com. One warning was announced that mentioned a slow down with the recent bad winter weather experienced in lately. Still one to watch even though IBD 100 dropped it.
If you are looking at getting in on some BIDU action but don’t want to shell out 300/share try our friend the mutual fund/ETF; some funds holding BIDU are:
Fund—Shares—Percentage of holdings—Total
CALAMOS GROWTH FUND 575,000 2.55 $219,931,750 31-Oct-07
MORGAN STANLEY INST FD TR-MID CAP GROWTH PORT 278,096 1.23 $80,550,506 30-Sep-07
VAN KAMPEN MID CAP GROWTH FUND 141,026 .62 $40,848,180 30-Sep-07
Powershares Exhg Traded Fd-Powershares Golden Dragon Halter 131,447 .58 $50,277,163 31-Oct-07
Oberweis China Opportunities Fund 131,300 .58 $38,031,045 30-Sep-07
PACIFIC SELECT FUND-MID-CAP GROWTH PORTFOLIO 126,770 .56 $36,718,930 30-Sep-07
Allianz Fds-RCM Technology Fd 112,500 .50 $32,585,625 30-Sep-07
Van Kampen Strategic Growth Fd 100,000 .44 $20,820,000 31-Aug-07
VAN KAMPEN AGGRESSIVE GROWTH FUND 96,045 .43 $27,819,434 30-Sep-07
Legg Mason Partners Small Cap Growth Fd 91,500 .41 $26,502,975 30-Sep-07
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