NEW YORK, NY -- (Marketwire) -- 01/13/12 -- After a challenging 2011, the solar industry has rallied in the early stages of the year. Several solar stocks collapsed more than 60 percent last year as prices for the panels that turn sunlight into electricity fell sharply, cutting profit margins for the companies that manufacture them, Reuters reports. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on Energy Conversion Devices, Inc. (NASDAQ: ENER) and LDK Solar Co. (NYSE: LDK). Access to the full company reports can be found at:
On Wednesday, shares of solar makers skyrocketed after figures showed an impressive surge in new solar installations in Germany in the fourth quarter and higher prices on polysilicon. Avian Securities analyst Mark Bachman said polysilicon was selling for about $30 a kilogram on the spot market after bottoming at around $24.
Meanwhile, after ending 2011 as one of the worst performing sectors, solar stocks and ETFs may now be undervalued, Deutsche Bank says.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the solar industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
Energy Conversion Devices, Inc., through its subsidiaries, designs, manufactures, sells, and installs thin-film solar laminates that convert sunlight to renewable energy. Shares of the company skytockered earlier this week after the company's subsidiary, United Solar, announced the commercial launch of the world's first solar-powered cover for the Amazon Kindle e-reader by SolarFocus Technology Co., Ltd., a leader in solar-powered portable products.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
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