Saturday, April 21, 2007

Stock Highlight / Green Day Play

Suntech Power (STP): Quote

- Notable Calls
- Dykstra's new play
- Hot stocks you're buying now

Forward P/E: 32
Growth: 5Yr: 40%

Solar Stocks are clearly in bull mode, and I have missed out on the run. I want to gain some exposure to the sector, but feel most names have had too big of a move. Suntech Power look interesting to me, it trades at a relatively low P/E compared to its peers and the chart looks to show support around the $34 area. Over the past few weeks the stock has been trading in a channel,and its next move looks to be up. The stock has also pulled-back due to the recent move in the Asian markets, this may be a good time to pick up a few shares.

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