I see that solar stocks are down across the board this morning. A good time to review some key fundamentals of three of my favorites.
Sometimes I buy a stock because of the chart, sometimes it is because of a good story and sometimes it is because of compelling fundamentals. Rarely do all three of these criteria come together at the same time.
Solar stocks have for the most part great looking charts. The story is equally impressive in light of high oil prices and the Alternative Energy party likely to capture the House, Senate and maybe even the White House in November.
Now the really cool part:
JASO as a forward PE of 15, Quarterly Revenue Growth of 235% and Quarterly Earnings Growth of 155%.
SOLF has a forward PE of 3, Quarterly Revenue Growth of 304% and Quarterly Earnings Growth of 101%.
TSL has a forward PE of 12, Quarterly Earnings Growth of 161% and Quarterly Earnings Growth of 242%.
Take Away: Solar is a lot more then just Momentum Stocks of the Day, these are emerging superstars backed by real revenues, earnings and growth.