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ESLR, ENER, SOL, CSUN, STP, CSIQ, Solar Energy Stocks 75.00% undervalued

^{Published on 2011-03-14 10:30:45 - WOPRAI}
 

March 14, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Solar Energy sector and these stocks are the most undervalued as of today. EVERGREEN SOLAR INC (NASDAQ:ESLR), ENERGY CONVERSION DEVICES (NASDAQ:ENER), RENESOLA LTD-ADR (NYSE:SOL), CHINA SUNERGY CO LTD-ADR (NASDAQ:CSUN), SUNTECH POWER HOLDINGS-ADR (NYSE:STP), CANADIAN SOLAR INC (NASDAQ:CSIQ) are all expected to go Up as they are undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     ESLR       EVERGREEN SOLAR INC                 1.68           6.72           75.00% undervalued          Solar Energy           
     ENER       ENERGY CONVERSION DEVICES           2.48           9.92           75.00% undervalued          Solar Energy           
     SOL        RENESOLA LTD-ADR                    8.71           10.36          15.91% undervalued          Solar Energy           
     CSUN       CHINA SUNERGY CO LTD-ADR            4.1            5.4            24.14% undervalued          Solar Energy           
     STP        SUNTECH POWER HOLDINGS-ADR          8.04           24.26          66.85% undervalued          Solar Energy           
     CSIQ       CANADIAN SOLAR INC                  11.05          18.59          40.56% undervalued          Solar Energy           

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

EVERGREEN SOLAR INC (NASDAQ:ESLR) - Evergreen Solar, Inc. develops, manufactures, and markets solar power products primarily in the United States and Europe. The company manufactures String Ribbon solar panels utilizing its proprietary wafer manufacturing technology, which involves a process to produce multi-crystalline silicon wafers by growing thin strips of silicon that are cut into wafers. Its products include wafers, which are flat pieces of crystalline silicon that can be processed and assembled into solar cells; cells, devices made from silicon wafer and convert sunlight into electricity by means of a process known as the photovoltaic effect; and panels, which are assemblies of solar cells that are electrically interconnected and laminated in a durable and weather-tight package. It sells its products through domestic and international distributors, system integrators, project developers, and other resellers. The company has a strategic partnership agreement with Q-Cells AG. Evergreen Solar, Inc. was founded in 1994 and is based in Marlboro, Massachusetts.

ENERGY CONVERSION DEVICES (NASDAQ:ENER) - Energy Conversion Devices, Inc. engages in the design, manufacture, and sale of photovoltaic (PV) products. The company operates in two segments, United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment provides PV laminates that generate clean and renewable energy by converting sunlight into electricity. It also involves in the design, development, and installation of rooftop and BIPV systems and applications. Its products are used in rooftop and building integrated applications. This segment offers its products to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators. The Ovonic Materials segment invents, designs, develops, and licenses materials and products based on the companys materials science technology. This segment also commercializes the NiMH materials and consumer battery technology. The company operates in the United States, Germany, France, Italy, South Korea, Japan, Hong Kong, and China. Energy Conversion Devices, Inc. was founded in 1960 and is headquartered in Rochester Hills, Michigan.

RENESOLA LTD-ADR (NYSE:SOL) - ReneSola Ltd engages in the manufacture and sale of solar wafers and related products. It offers monocrystalline wafers, multicrystalline wafers, monocrystalline ingots, and multicrystalline ingots. As of December 31, 2008, ReneSola had 306 monocrystalline furnaces, 64 multicrystalline furnaces, and 133 wire saws. The company also provides ingot and wafer processing services. It sells solar wafers primarily to solar cell and module manufacturers worldwide. ReneSola was founded in 2003 and is based in Jiashan, the Peoples Republic of China.

CHINA SUNERGY CO LTD-ADR (NASDAQ:CSUN) - China Sunergy Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cells in the Peoples Republic of China and internationally. The company manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process, known as the photovoltaic effect. It sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems for use in various markets. The company was founded in 2004 and is based in Nanjing, the Peoples Republic of China.

SUNTECH POWER HOLDINGS-ADR (NYSE:STP) - Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company also provides engineering, procurement, and construction services to building solar power systems for certain related party and third party customers. Its products include monocrystalline and multicrystalline silicon PV cells; PV modules; building-integrated photovoltaics products. In addition, the company provides PV system integration services, including designing, installing, and testing PV systems used in lighting for outdoor urban public facilities, as well as in farms, villages, and commercial buildings; and project development services. Its products are used to provide electric power for residential, commercial, industrial, and public utility applications. The company sells its products through value-added resellers, such as distributors and system integrators; and to end users, such as project developers primarily in Germany, Italy, the United States, China, South Korea, Spain, the Middle East, Australia, and Japan. Suntech Power Holdings Co., Ltd. is headquartered in Wuxi, the Peoples Republic of China.

CANADIAN SOLAR INC (NASDAQ:CSIQ) - Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cell and solar module products that convert sunlight into electricity for various uses in Canada and internationally. Its products include a range of standard solar modules for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as solar-powered car battery chargers. In addition, it implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of the People's Republic of China. The company sells its products under the Canadian Solar brand name. It offers its standard solar modules primarily to distributors, system integrators, utilities, and OEM companies, as well as to solar projects; and specialty solar modules and products directly to various manufacturers who integrate the specialty solar modules into their own products. The company sells its solar module products through its direct sales force and sales agents. It has a strategic cooperation agreement with Guodian Power Development Co. Ltd. to design, invest, build, operate, and maintain solar power plants in China. Canadian Solar Inc. was founded in 2001 and is based in Markham, Canada.

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