Harris Roen, Editor
Roen Financial Report
April 9, 2013
The first three months of 2013 proved to be extremely upbeat for the stock market. The S&P 500 and Dow Jones Industrial average hit new all-time highs, and both were up double digits for the quarter. Echoing this superb performance, the top alternative energy stocks in the Roen Financial Report did even better. The Paradigm Portfolio was up 14.1% on average, with gainers beating losers by a 6 to 1 margin.
The top three gainers for January through March were Cree (CREE), Pike Electric (PIKE) and SolarCity (SCTY), all up in the 50% to 60% range. Cree advanced on excellent profit guidance from the company released back in January. Pike’s stock rose on a stellar earnings report issued in February, which showed steadily rising revenues, profits, net income and earnings per share over the past year. SolarCity remains a speculative investment, considering the company is still in start-up mode and spending more money than it makes. Apparently, though, investors (including myself) believe that SolarCity’s innovative business model, one that aspires to make it the leading U.S. solar installer, will be a winner in the long-term.
Chinese energy product manufacturer Jinpan International (JST) fared the worst, losing almost 9% for the quarter. The company expects that revenues and net income will come in well below analyst estimates for fiscal year 2013.
For more information on the Paradigm Portfolio, including subscriber access to a complete list of stocks and detailed company reports, please visit http://roenreport.com/about/paradigm-portfolio/.
*Hypothetical gain from portfolio recommendations. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities on this list.