5 Solar Stocks in Focus; ESLR, SOL, CSIQ, FSLR, LDK

Evergreen Solar Inc. ( NASDAQ: ESLR ) is a Marlboro, Massachusetts-based developer, manufacturer and marketer of String Ribbon solar panels, using its wafer manufacturing technology. The wafers produced by the company are the main components of photovoltaic cells, which are used to produce solar cells. The company today said that its Board approved a recapitalization plan that would lower its debt and interest expenses, raise capital and implement a reverse stock split. The company said that it is looking to align its capital structure with its current business model with the recapitalization plan. The penny stock of Evergreen Solar has a 52-week range of $0.60-$1.87. Year-to-date, the stock is down 52.67%. ReneSola Ltd. (ADR) ( NYSE: SOL ) is a China-based company, engaged in the manufacturing of solar wafers and production of solar power products. The company has a worldwide network of supplier and customers that include some of the global manufacturers of solar cells and modules. Last month, ReneSola announced its third-quarter financial results, posting an increase of 25.8% in total solar wafers and module shipments. The company reported record net revenue of $358.7 million, representing an increase of 41.3%. The company posted net income of $60.1 million for the third quarter of 2010. The ADRs of ReneSola have a 52-week range of $4.01-$15.34. Year-to-date, the ADRs are up 94.96%. Canadian Solar Inc. ( NASDAQ: CSIQ ) is a Canada-based designer, developer, manufacturer and seller of solar cell and module products that convert sunlight into electricity for a variety of uses. The company conducts its manufacturing operations in China. Canadian Solar announced its third-quarter financial results last month. The company reported net revenue of $377.2 million for the third quarter of 2010, compared with $328.7 million reported in the second quarter of 2010. The company posted net income of $20.3 million, or $0.47 per diluted share, compared with $3.2 million, or $0.07 per diluted share reported for the second quarter of 2010. The small cap stock of Canadian Solar has a 52-week range of $8.99-$33.68. Year-to-date, the stock is down 52.46%. First Solar Inc. ( NASDAQ: FSLR ) is a Tempe, Arizona-based company, engaged in the manufacturing and sales of solar modules with an advanced thin film semiconductor technology. The company designs, constructs and sells PV solar power systems. First Solar announces its third-quarter financial results back in October. The company reported net sales of $797.9 million for the third quarter of 2010, an increase of $210 million from the second quarter of 2010. The increase in net sales was mainly due to increased system sales. The First Solar stock has a 52-week range of $98.71-$153.30. Year-to-date, the stock is down 1.11%. LDK Solar Co. Ltd. ( NYSE: LDK ) is a China-based company, engaged in the production of solar wafers in terms of capacity. The company sells multi-crystalline and mono-crystalline wafers to manufacturers of solar cells and modules. The LDK Solar stock has a 52-week range of $4.97-$15.10. Year-to-date, the stock is up 58.06%.
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