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Solar Stocks Headed Into Upward Long-Term Run, Analyst Says

by Adam Johnston November 18, 2014
written by Adam Johnston November 18, 2014
Solar Stocks Headed Into Upward Long-Term Run, Analyst Says

After years of up and down moments, one analyst believes solar stocks are headed towards a long-term run of prosperous growth.

“I think solar has a good 15 year run ahead of it as part of a major thrust into the mainstream of the market,” said Greg Schnell of Stockcharts.com in a interview from the Canadian Pembina Institute’s weekly web series Green Energy Futures.

Schnell sees solar energy as a new bull market, where it has declines and gains, but overall strongly trends up.

He uses Microsoft stock as a historical case study. In the video, Schnell points out, very early on, Microsoft had gains of  500%. However, consistent 50% corrections occurred, but eventually Microsoft went on a gangbusters run as it pushed towards the mainstream of  the stock market.

Schnell believes solar is ripe for it now. In the video, he cites First Solar and Canadian Solar as examples.

“It’s (solar) the sweet spot of investing trying to catch it on the thrust up,” Schnell said.

Schnell also pointed out that catching solar stocks while prices are low and heading up can be very profitable. However, he said solar stocks are very volatile and can move sometimes 50% up or down.

Currently, we are still seeing that volatility. SolarCity stock price has ranged during the year between $42 and $88 a share, and Yingli Solar has ranged from $2.43/share to $7.45/share.

With solar prices having dropped dramatically, investors now could see a bargain with stocks as ongoing concerns about climate change and energy issues help push the market into the mainstream.

Green Energy FuturesGreg SchnellMicrosoftSolar Energy StocksSolar Marketssolar stocksSolarCityyingli solar
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Adam Johnston

Is currently studying at the School of the Environment Professional Development program in Renewable Energy from the University of Toronto. Adam also graduated from University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications. Adam also writes for CleanTechnica and has also written for PlanetSave. He also owns his own part time tax preparation business. His eventual goal is to be a cleantech policy analyst, and is currently sharpening his skills as a renewable energy writer. You can follow him on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com.

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