Solar panels offer one of the most promising futures for electricity generation. And with future generations of panels, conversion rates will skyrocket while prices drop – allowing solar power to enter into the mainstream.

But until that happens, the ride could be bumpy. Thankfully, we have a tree-hugging President that will do anything in his power to make sure that alternative energies – like solar – remain in the forefront of US energy production.

I’m not making this stuff up. This is common knowledge– you can already see the stock of one solar producer Suntech Power Holdings (NYSE:STP) behaving exactly how you would expect…

The first thing you’ll notice is exactly how far STP has fallen since August of last year. This isn’t unique to this company – virtually every stock in the market shows this fall. More interesting, is the potential bottom forming.

You can tell something good is brewing because…

1.    The RSI is showing a strengthening trend over the past three months. The bottoms are higher.

2.    A bullish cross of the 20 and 50-day moving averages. Even though the stock’s price is lower, the bullish cross remains.

3.    The Slow Stochastic is Oversold. This signals that conditions are ripe for buyers to flood the market and take STP much higher. At this point, a 50% spike isn’t out of the question. And the possibility for a double is very real.

It appears that the chart of this solar company is showing really great signs of a potential bottom. Considering the billions Obama will flow into this sector over the upcoming ten years, we might be seeing the cheapest price we’ll ever see for this company.

Positioning yourself today for the long-term could enrich you immensely in the years ahead.