Stock Alert: FSLR, PEGI, SCTY
by Harris Roen, Editor
Roen Financial Report
Thursday, December 17, 2015
Today’s Alert:
First Solar, Inc (FSLR)
Pattern Energy Group Inc (PEGI)
SolarCity Corp (SCTY)
It was a banner day for alternative energy stocks yesterday, due to extension of the investment tax credit and other factors.
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| First Solar pops up 10%, getting a lift from news of renewal of the Investment Tax Credit (ITC). FSLR stock is at an annual high, up 55% in the past 12 months. | Motley Fool |
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| The YieldCo Pattern Energy Group gaps up 12% on the largest volume since the summer. Recent analysis considers it by far the best valued YieldCo. PEGI is still down 12% for the year, but has gained 26% from its lows reached earlier in December. | AltEnergy Stocks |
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| Solar City skyrockets 34% in one day. The stock benefited from many factors, including newly released analysis from the company, extension of Investment Tax Credit (ITC), analyst upgrades, and a severe short squeeze. SCTY stock is now in positive territory for the year, but is still 38% below its 2014 highs. | Seeking Alpha |
DISCLOSURE
Individuals involved with the Roen Financial Report and Swiftwood Press LLC owned or controlled shares of SCTY. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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