The politics of Washington can often be found driving the
economies of scale. With the solar winds of change pointing
in the direction of alternative energy, the U.S. is seeing a boom
in demand for solar panels which, combined with newer technologies,
is bringing down prices while increasing outputs.
Fourteen companies make up the Solar sector of the Zacks
Industry Rank, gaining 3 positions last week. While not a
remarkable shift, its place at #10 out of 260 ranked industries
displays strong momentum.
Four recent positive earnings revisions, and none to the negative,
have caught investors' attention. Companies in the space are
averaging a remarkable +45% positive earnings per share surprises.
Other factors, such as overseas expansion, are making the
conversion to solar energy a global phenomenon. Below are two
companies which have moved into the prime position of a Zacks Rank
#1 (Strong Buy) this week as a result. With triple-digit EPS
surprises already in the bag, both companies are poised for
growth. This, combined with performance of the sector as a
whole, is important when building an investment strategy capable of
powering your portfolio.
These companies are hoping you see the light, in more than a few
JinkoSolar Holdings Co.
JKS was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2
JinkoSolar Holding Co. is a solar product manufacturer with
operations based in Jiangxi Province and Zhejiang Province in
China. JinkoSolar has built a vertically integrated solar product
value chain from recovered silicon materials to solar modules. With
a global network spanning across Europe, North America and Asia,
they are strategically poised to take advantage of China's booming
solar industry, as well as other nations that are playing catch-up.
JKS last earnings surprise was +288% and it holds a Zacks
Recommendation of "Outperform." It reports its next earnings
on April 9, 2014.
First Solar Inc.
FSLR is a Zacks Rank #1 (Strong Buy). It moved up from a
Zacks Rank #2 (Buy) last week. This company reports quarterly
earnings on February 25, 2014.
First Solar manufactures solar modules with an advanced thin film
semiconductor process that significantly lowers solar electricity
costs. Though the market for solar technology is competitive,
its stable liquidity position and expertise in other areas of the
solar value chain should enable it to remain on solid footing.
FSLR's last earnings surprise was +147% and has expected EPS growth
FIRST SOLAR INC (FSLR): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
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