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Stock Pick by M S

SOL: SOL: A Great Energy/Technology Play

Start trading SOL with real money!

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4 ratings
Posted 3309 days ago on 6/02/08

SOL will go UP
$11.00 on 6/02/08
$2.63 (-44.28% from time of market call)

Sol is a buy for anyone looking for a renewable energy play. This company recycles poly silicon, and produces solar wafers. These wafers are sold to other solar companies such as JingAo Solar CO, Solarfun, BP Solar and many others. They are one of the premier manufactures of the solar wafers in China, and are experiencing phenomenal growth. Currently, I am waiting for a slight pull-back before purchasing additional shares. ReneSola recently announced they will be offering some 9.0mil shares. I expect some pull-back as day traders cash in now before the shares are sold. It would be great to buy this at <$22, but I am happy buying more at $23.50. However, I wouldn't wait longer than one week from today, 6/2/08, to purchase them.

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