For Immediate Release
Chicago, IL – September 24, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JA Solar Holdings (JASO), ReneSola (SOL) and SolarEdge Technologies (SEDG).
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Here are highlights from Wednesday’s Analyst Blog:
Leonardo DiCaprio Would Love These Top-Ranked Solar Stocks
Leonardo DiCaprio might be best known for his work in blockbuster films like Titanic and Inception, but he is also making a name for himself in the activist and philanthropic worlds as well. Just today, DiCaprio announced that he and his charitable foundation are removing any exposure to companies that are engaged in the production of fossil fuels.
While this might not change much on its own, this helps to put a famous face on a growing movement to avoid investments in fossil fuels. In fact, Leo is joining a group that includes everything from pension funds to universities, which have all pledged to get rid of their exposure to fossil fuel-related companies.
The group actually has some heft in terms of financial assets too, as some put the total dollar value of assets under management by this collection at over $2.6 trillion. Obviously not all of this would have been invested in oil or coal stocks anyway, but even if you took the S&P 500 allocation to the sector and added all of the materials space—roughly 10%-- it would come out to $260 billion, not a small chunk of change by any means.
Where to Invest Instead?
But if Leo and company aren’t going to buy anything in the oil or coal sectors, where is the next best place? Well, the solar sector is actually looking like a solid investment right now following a big sell-off while it is a great place for fossil-free investors to consider too. In fact, we currently have the solar industry in the top 20% from an Industry Rank perspective suggesting there are plenty of good choices in this group.
So if you want to invest like Leo—or are just looking for some better options in the clean energy world—consider any of the top ranked stocks below which all have a Zacks Rank #1 (Strong Buy) rating:
JA Solar Holdings (JASO)
JASO is best known for its high performance solar cells and while the company has seen great volatility as of late, it may be poised for a turnaround now. Earnings estimates are surging for the stock and now EPS growth is expected to hit 41% this year and 30% the following year.
This could also be an interesting choice for value investors as we currently have an ‘A’ score for Value on this security. JASO has a great P/S ratio that is roughly half the average of the industry while its forward PE comes in at just 6.3, making it a compelling selection.
ReneSola (SOL)
While the Chinese market may be rocky right now, there is no denying the potential for this country and its long term energy needs. That is why a home-grown solar company like SOL may be an interesting choice, and especially when you consider some of its numbers right now.
Just in the past month, EPS estimates for SOL have risen by close to 28% while we have also seen estimates surge for this quarter by nearly 69% in the past month as well. This could mean that a turnaround is at hand for this beaten down stock and is part of the reason why SOL has a momentum score of ‘A’ right now.
SolarEdge Technologies (SEDG)
SEDG is an Israeli-based company that sells direct current optimized inverter systems for solar installations across the globe. Shares have also faced a rough patch here but there has been a recent string of earnings beats while earnings estimates are now moving in the right direction too. In fact, EPS growth is expected to hit 80% this year making it a great choice for growth-oriented investors.
Speaking of growth, SEDG actually receives an ‘A’ Growth score from us largely thanks to these impressive EPS growth figures. However, it also doesn’t hurt that SEDG has a low debt to capital ratio of just 1.4% which is far lower than the industry average of 29% while its projected sales growth is a very robust 42% as well.
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JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
RENESOLA LT-ADR (SOL): Free Stock Analysis Report
SOLAREDGE TECH (SEDG): Free Stock Analysis Report
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