by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
So here’s the crux of the debate on the solar stocks, which today have gained ground for the fourth straight session, posting some impressive cumulative gains after a long, long slide. The bearish view of the stocks is that the challenges facing the sector will continue into the unforeseen future. The bullish view is that that the Obama Administration will pour money into alternative energy, making the U.S. the biggest market for solar installations.
Google’s third-quarter results will feel the effects of a strengthening dollar, Collins Stewart analyst Sandeep Aggarwal observed in a research note this morning. Aggarwal points out that currency has lifted earnings in each of the last 10 quarters, but that the company will suffer a sequential foreign exchange loss in Q3, with the year-over-year benefit “materially lower” than in recent quarters.
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4 percent today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year.
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