Monday, March 14, 2011

Shares of First Solar (FSLR), Guggenheim Solar (TAN), Trina (TSL), Yingli (YGE), Hanwha (HSOL), JA Solar (JASO) Jump on Japan Nuclear Concerns

In an apparent, but odd response to the earthquake and its possible temporary effects on the nuclear industry, shares of solar companies like First Solar (FSLR), Trina (TSL), Yingli (YGE), Hanwha SolarOne (NASDAQ:HSOL) and JA Solar (JASO) were all up, along with ETF Guggenheim Solar (TAN), even though there is a very tenuous connection at best to the situation.

Christine Hersey, an analyst with Wedbush Securities, rightly noted, "I'm a little skeptical of how long the solar rally can last. It does seem like a short-term trading call.

"What has happened in Japan will cause people to reevaluate nuclear as an alternative. But solar is not, at this time, a replacement for 24-hour energy generation."

No matter what the politicians do to attempt to make it look like they're going to save the people from the new nuclear enemy, there is little chance this will make much difference, unless they want to destroy the lives of even more people in attempts to play God, as they pretend they can take all risk out of living.

As for this solar bump, it is silly and ridiculous, as governments around the world can't afford the expensive so-called alternative energy source. That's why European nations are lowering their subsidies on the industry, as it's not sustainable.

Other than environmentalist quacks and their media allies, there's really little demand for the energy source, as people are content just to have energy, regardless of the source, as long as they can afford it.

Solar energy doesn't fall into that category, and won't find any sustainable growth until that issue is solved.

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