Point Roberts, WA - January 4, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, releases a trading alert for solar stocks on the move in Wednesday’s trading session.
Several solar stocks are realizing significant gains in today's trading, two of them boosted by increased equity investments. Does this mean the beat up solar stocks are about to shine again in 2012?
Ascent Solar Technologies, Inc. (NasdaqGM: ASTI) is trading at $0.5512, up 0.1312 (31.24%) on over 800,000 shares. The Company reported today that TFG Radiant Investment Group, Ltd. (TFG Radiant), is poised to increase its ownership interest in the Thornton, Colo., based solar panel manufacturer. TFG Radiant acquired approximately 20 percent of the outstanding shares of Ascent in August 2011. The increase will put TFG Radiant's ownership at approximately 41 percent.
DayStar Technologies, Inc.(NasdaqCM: DSTI) is trading up at $0.2, up 0.06 (27.23%) on over 198,000 shares. DayStar Technologies, Inc. is engaged in the development of solar photovoltaic products based upon CIGS thin film deposition technology.
Energy Conversion Devices, Inc.(NasdaqGS: ENER), a provider of lightweight, flexible solar products and systems for the building-integrated and commercial rooftop markets, is trading at $0.2599, up 0.0559 (27.40%) on over 1.5 Million shares.
Westinghouse Solar, Inc.(NasdaqCM: WEST) is trading at $ 0.51, up 0.14 (37.84%), trading as high as $0.64 on just under 1.6 million shares. The Company announced today that it has received an equity investment from CBD Energy Limited "CBD Energy" (ASX:CBD.AX), a diversified renewable energy company based in Sydney, Australia. In addition to the investment, the companies have agreed to explore a broader strategic relationship.
"CBD Energy, primarily through their operating solar subsidiary eco-Kinetics, is growing rapidly in Australia -- a market that is developing very much the same way as the U.S.," said Barry Cinnamon, CEO of Westinghouse Solar. "These cooperative efforts will help us extend our technology and distribution partnerships on a larger international scale. In particular, this partnership will allow us to extend our Westinghouse Solar brand to Australia."
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