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Zacks Industry Outlook Highlights: Evergreen Solar Inc., JA Solar Holdings Co Ltd., A-Power Energy Generation System, LDK Solar Company Ltd. and First Solar Inc.
By: Business Wire | 05 Nov 2009 | 05:00 PM ET
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CHICAGO, Nov 05, 2009 (BUSINESS WIRE) -- Zacks.com releases the latest Industry Outlook. Today, Zacks Equity Research discusses the Alternative Energy Industry, including Evergreen Solar Inc. (Nasdaq: ESLR), JA Solar Holdings Co Ltd.

(Nasdaq: JASO), A-Power Energy Generation System (Nasdaq: APWR), LDK Solar Company Ltd. (NYSE: LDK) and First Solar Inc. (Nasdaq: FSLR).

A synopsis of today's Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/26898/Alternative+Energy.

Alternative energy stock prices generally rise and fall in direct proportion to the price of crude oil. While in times of high oil prices this may present an opportunity, it also increases volatility in the sector.

Industry-wide excess solar cell and module capacity have led to stockpiling across the board. As a result, we think the performance of companies such as Evergreen Solar Inc. (Nasdaq: ESLR), JA Solar Holdings Co Ltd. (Nasdaq: JASO), A-Power Energy Generation System (Nasdaq: APWR) and LDK Solar Company Ltd.

(NYSE: LDK) -- burdened as they are with high inventory levels -- will remain under pressure in the near term.

Germany, one of the prime solar markets with a lucrative subsidy program, is considering a roll-back of its grants. This will affect companies such as First Solar Inc. (Nasdaq: FSLR), who generate a substantial portion of their sales from Germany.

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SOURCE: Zacks.com CONTACT: Zacks.com Mark Vickery, 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2009 -0- KEYWORD: United States

North America

Illinois INDUSTRY KEYWORD: Professional Services

Finance

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