SOURCE: Paragon Financial Limited

Paragon Financial Limited

June 26, 2012 08:20 ET

Solar Stocks Rise as Analyst Sees Bottom for the Industry

The Paragon Report Provides Stock Research on Suntech Power and SunPower

NEW YORK, NY--(Marketwire - Jun 26, 2012) - Solar stocks have been on the upswing recently on surprisingly strong demand in Europe and China. The Guggenheim Solar ETF (TAN) has risen nearly 7 percent in the last month. Companies received a boost Friday after a Citibank analyst saw a bottom for the industry. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research Suntech Power Holdings Co., Ltd. (NYSE: STP) and SunPower Corporation (NASDAQ: SPWR).

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A recent Associated Press article reported that solar stocks rose after Citibank suggested the global demand for solar panels was increasing. Renewable energy demand may have reached a low point but is prepared to grow as prices are approaching the levers of power from traditional sources, Citibank analyst Timothy Arcuri wrote in a research note. Arcuri said new demand is developing from countries such as Bahrain, Jordan, Chile, Ukraine, Serbia and Puerto Rico where solar is an option even without subsidies.

The recent drop in panel prices has made them more attractive to homeowners and utilities. Solar panel prices have decreased 47 percent and as a result solar installations in the U.S. have soared 85 percent in the first quarter of 2012.

Paragon Report releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Suntech is a first-mover in driving solar energy adoption in Southeast Asia, and works with local partners to deliver high-quality and cost-effective solar electricity solutions. With one of the largest distribution networks in Southeast Asia, Suntech provides customized solar products for a wide range of solar applications. Shares of the company rose nearly 4 percent Friday.

Campbell Soup Company, BNB Renewable Energy Holdings, Enfinity America Corporation, FirstEnergy Solutions and SunPower Corp. recently celebrated the completion of a 9.8-megawatt (MW) solar power system at Campbell's manufacturing facility in Napoleon, Ohio. More than 200 jobs were created during construction of the system, which is now generating the equivalent of 15 percent of the facility's annual electricity requirements. Shares of SunPower jumped nearly 5 percent Friday.

Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: