Below, we highlight a handful of ETFs across each asset class that have surged over the past three years, as well as those that have struggled to keep up with Wall Street�� quick pace (note that inverse and leveraged ETFs are excluded from this list ��data as of 7/23/13):
Equity ETFs: Biotechs and Pharma Come Out on Top, Solar StrugglesThough the Equity ETF space covers multiple industries, biotechnology-targeted funds have delivered stellar returns over the trailing 3-year period; Van Eck�� Market Vectors Biotech ETF has gained an incredible 165%. Solar Energy ETFs, however, have struggled to gain traction ��both KWT and TAN have lost around 60%.
Hot Electric Utility Companies For 2015: JinkoSolar Holding Company Limited(JKS)
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of solar power products in China and internationally. The company provides solar modules, silicon wafers and ingots, and solar cells, as well as processing services, including silicon wafer tolling services. It sells its products under the JinkoSolar brand name. The company?s customers include distributors, project developers, and system integrators. It trades its products under short-term contracts and by spot market sales. The company also produces accessory materials for solar power products, such as solar aluminum frame, solar junction box, aluminum materials windows, and other metal component parts. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People?s Republic of China.
Advisors' Opinion:- [By Aaron Levitt]
And already, the price rise is beginning to take shape. According to its latest report, GTM shows that Chinese solar producers like JinkoSolar (JKS) have priced their modules at 80 to 85 cents per watt for new deliveries. That compares to just to 70 cents per watt at the end of 2013.
- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
Yingli Green said it will continue to fight a U.S. plan to close a loophole that allowed Chinese solar manufacturers to avoid tariffs by assembling their products outside China. Yingli shares dropped 6.4% to $2.76 premarket. Among the other Chinese solar stocks trading lower Wednesday are JinkoSolar Holding Co.(JKS), Trina Solar Ltd.(TSL) and JA Solar Holdings Co.(JASO)
- [By Lauren Pollock]
JinkoSolar Holding Co.(JKS) unveiled plans to separate its downstream solar PV project business, saying it may consider a spinoff or sale of the unit. Shares edged up 2.8% to $36.40 premarket.
- [By Rick Munarriz]
Briefly in the news
VeriFone (NYSE: PAY ) shares tumbled 21% on Thursday, after the transactions enabler missed Wall Street's profit expectations and issued disappointing guidance. VeriFone wasn't very fun. TiVo (NASDAQ: TIVO ) can't catch a break. The DVR pioneer was on the receiving end of a $490 million settlement, but the stock still took a hit because it was less than the market was expecting. Go figure. TiVo's intellectual capital alone has been enough to be awarded $1.6 billion in damages in recent years, but the company's enterprise value is a mere $1 billion. Amazon.com (NASDAQ: AMZN ) is not the second coming of Webvan, but it is expanding its AmazonFresh grocery delivery service to Los Angeles. It's been testing the service fir years in select neighborhoods in its home turf of Seattle. JinkoSolar (NYSE: JKS ) moved higher on Friday after reporting a 36% surge in shipments. Solar energy was out of favor last year, but some players are starting to show signs of brightening.
And now let's take a quick look at some of the other stories that shaped our week.
Hot Solar Stocks To Own For 2014: Canadian Solar Inc.(CSIQ)
Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it and third party supplied components, such as inverters, racking system, and other accessories, as well as implements solar power development projects. The company sells its products under the Canad ian Solar brand name. Canadian Solar Inc. offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar projects; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. The company was founded in 2001 and is based in Kitchener, Canada.
Advisors' Opinion:- [By James Brumley]
Relative to its size, Canadian Solar (CSIQ) is the most overlooked of these solar stocks.
Depending on the year in question, the company ranks anywhere from being in the top five to the top three suppliers in the world. And it supplies the whole world, with big, equitable demand from the United States, China, and Japan … three nations with lots of their own solar panel manufacturers, and a bent for protectionism. Canadian Solar simply muscles its way into key markets, generating sales growth of 27% in 2013.
- [By Travis Hoium]
Chinese solar companies have been reporting massive losses, but one company has improved its financial performance and strategic position significantly over the past year. In the following video, solar analyst Travis Hoium covers why he thinks Canadian Solar (NASDAQ: CSIQ ) is a likely candidate to emerge from Chinese solar consolidation, even better than big names such as Yingli Green Energy (NYSE: YGE ) and Trina Solar (NYSE: TSL ) . If the company is able to return to profitability, the sky is the limit for Canadian Solar.�
Hot Solar Stocks To Own For 2014: LDK Solar Co. Ltd.(LDK)
LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. It offers solar-grade and semiconductor-grade polysilicon; and multicrystalline and monocrystalline solar wafers to the manufacturers of solar cells and solar modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, such as ingots and polysilicon scraps. In addition, it engages in the production and sale of solar cells and modules to developers, distributors, and system integrators; and design and development of solar power projects in Europe, the United States, and China, as well as provides engineering, procurement, and construction services. LDK Solar Co., Ltd. operates in Europe, the Asia Pacific, and North America. The company was founded in 2005 and is based in Xinyu City, t he People?s Republic of China.
Advisors' Opinion:- [By Bryan Murphy]
Three weeks ago, I recommended Real Goods Solar, Inc. (NASDAQ:RSOL) as a buy. Though the stock was still drifting in the shadow of a huge May pullback - from a high of $7.17 to a low of $2.13 by mid-June - RSOL was finding some support at key moving average lines, and even pushing up and off of them. Not many of you (and I'm using "you" interchangeably with "investors in general") seemed to care. So why am I looking at Real Goods Solar again now? Because, with competitors LDK Solar Co., Ltd (NYSE:LDK) and ReneSola Ltd. (NYSE:SOL) seeing their shares surge today, odds are good RSOL is going to get swept up in that move. Real Goods Solar shares are a better bet, however, in that - unlike SOL and LDK - they aren't overbought yet.
Hot Solar Stocks To Own For 2014: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of solar manufacturer ReneSola (NYSE: SOL ) jumped as much as 26% today after the company increased guidance.
So what: Management said that second-quarter shipments would be 760 MW-770 MW, well above the previous expectation of 700 MW-720 MW. Gross margin is also expected to be 5%-6%, above the 3%-5% previously expected. �
- [By Paul Ausick]
Provided that the Chinese government either encourages or permits consolidation, any of these three could be an acquirer. The likeliest target, of course, is SunTech Power Holdings Co. Ltd. (NYSE: STP), which is reorganizing and which the government has already seemed to give up on. Other possible targets include ReneSola Ltd. (NYSE: SOL) and JinkoSolar Holding Co. Ltd. (NYSE: JKS).
- [By Dan Caplinger]
But Trina gave a troubling update to its quarterly guidance a couple weeks ago, saying that it shipped 390-400 megawatts of solar modules during the quarter, down from its original 420-430 megawatt estimate. With gross margins of just 1% to 3%, Trina isn't faring as badly as peer ReneSola (NYSE: SOL ) , which posted negative gross margins in its quarterly report earlier this month. Yet Trina still isn't making enough money to come close to profitability in the near future.
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