Trina Solar is recognized as a solar pioneer since it was founded in 1997. Their products provide reliable and environmentally-friendly electric power and their fourth quater revenues are about to beat expectations.
Solar energy was given a boost last week after $18 billion in tax credits for clean energy were tacked on to the bailout bill to ease its passage through Congress.
Since then, however, concerns of oversupply have whacked solar stocks. This prompted Goldman Sachs (NYSE:GS) to downgrade several solar companies to a “sell”.
J. Cristoph Amberger says the current financial crisis will hurt investment in solar power. He recommends investors sell their positions while they still can.
“The U.S. bear market has deepened,” says The IHT.
Even helicopter Ben is worried. He’s told Congress that inflation risks have “intensified” and that there’s now a threat of “significant downside” to growth.
But contrarian investors should be lapping it up, says Marc Lichtenfeld in The Smart Profits Report. A bear market is where bargains are made.
Marc has put together a list of stocks that performed well in during the last bear… and four stocks that are currently battling the bear head on…
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