I’ve been lucky picking stocks to buy on a daily basis or for my retirement. One area that I believe in is in solar stocks. My favorite is JASO but their stock hasn’t done anything lately. I did my research and bought JASO for a near-IPO price of $16, just to see it rise to $22 before I sold it. I managed to get back in at $18 and held onto it until it reached $33. That took a while but it was worth riding it. I sold it at $33 and bought some back at $29. My next move didn’t come until $45 when I sold it. I went on with other stocks and forgot about JASO until one day, I watched its trend. I bought it back at $54 and watched it climb to $75 before it split. My 500 shares had now become 1500 shares because of their 3-to-1 split. You can say, I made a mint over a year’s trading.
There has been a lot of talk about solar in the streets. Investopedia just published an article about solar stocks and how they say too many companies, too little profit. There is some truth to it when you see the number of solar companies you can invest in. Take for example, ESLR that just won a $1.2 billion contract. The stock is trading 80 cents up today. That’s a lot of money, however the stock is not moving much. I used to hold ESLR but I was impatient and sold out at $9.50. I see that it hasn’t done much because it’s now at $10 and I got rid of it late last year.
My advice on solar, pick up a stock like AMAT who has a side business expanding into solar revenue. I’m going to watch it for abit before jumping in.
