Tech Stocks

Amazon AMZN Stock News

Amazon.com, Inc. (NASDAQ: AMZN)

After reaching an all-time high recently, Amazon is having a rough day in the market today. This leads many investors to ask if they should be concerned about the declines. In my opinion, the answer is no! In fact, Amazon is one of the strongest stocks on the market today and is likely headed further upward. Today, we’ll talk about why the stock is headed downward today, why you shouldn’t be concerned, and what we can expect to see from AMZN moving forward.

Why Amazon Is Falling Today

As mentioned above Amazon isn’t having the best of days in the market today. Currently (10:06), the stock is trading at $689.63 per share after a loss of 0.63% or $4.34 per share. After researching the news to see what is going on, I haven’t found any negative information with regard to the company. In fact, everything I could find was overwhelmingly positive. When these types of things happen, it’s important to remember that price movement in the market tends to happen through a series of overreactions. We see upward movement followed by downward movement, creating trend lines known as support and resistance. In this particular case, Amazon recently reached an all-time record high. It’s not uncommon to see investors get cold feet when a stock is trading on a record high. That’s exactly what’s going on today.

Why Investors Shouldn’t Be Concerned About The Declines

While I understand that declines can be concerning, in this particular case, investors have nothing to worry about. The reality is that what we’re seeing in the market today is nothing more than normal market movement. As a result, we can expect to see a rebound relatively soon.

Why AMZN Is One Of The Best Picks You Can Make

If I were asked what I thought about Amazon a year ago, my opinion would have been very different. However today, my opinion on AMZN is incredibly bullish. The reality is that throughout 2015, we’ve seen several positive movements from the company. First, AMZN started early in the year by announcing how Amazon Web Services was doing. At the first update, we learned that the company had already grown to be worth $5 billion. Also, one of the big concerns last year was the fact that Amazon couldn’t seem to produce gains on an earnings report. After all, investors don’t want to invest in losing businesses. However, that’s changed this year as well.

Another big factor leading to my bullish opinion on Amazon is their Prime service. While it seems like a money loser in the beginning, when you dig into the details, it’s clear that Prime is profitable. Earlier in the year, we found out that a large percentage of Prime members spend at least $800 per year on products purchased from the online retailer. Considering the fact that Amazon has millions of Prime members, this works out to be quite a bit of money on an annual basis.

Finally, Amazon seems to be holding its position as king of online retail, and that’s likely to continue for quite some time. My opinion on their leadership revolves around the company’s infrastructure. Last year, Amazon spent millions of dollars on building fulfillment centers all throughout the United States and around the world. Considering the fact that when consumers order products online, they want them quickly, this was a great move for AMZN. Because of their strategically placed fulfillment centers, Amazon is able to blow away the competition’s shipping time, which will likely keep them ahead of the game. All in all, things are looking up for AMZN and today’s declines only represent a strong opportunity to buy at a discount.

What Do You Think?

Where do you think AMZN is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

TradeStation$9.99Open a TradeStation Account!

GoPro GPRO Stock News

GoPro Inc (NASDAQ: GPRO)

GoPro has been an incredibly interesting stock to follow as of late. Unfortunately, it’s not interesting in a positive way. Ultimately, the stock is tanking, and for good reason. Today, we’ll talk about why GoPro is having such a rough time in the market, what we’re seeing from the stock today, and what we can expect to see from GPRO moving forward. So, let’s get right to it…

Why GoPro Is Tanking

If you look for a reason for the declines GPRO has been experiencing, it’s not going to be hard to find. Ultimately, earnings estimates are being revised, and the revisions are headed in the wrong direction. In just the past 30 days, GPRO has seen 3 analyst revisions pushing estimates downward for both full year earnings and current quarter earnings. Unfortunately, there has been no revisions in the upward direction. As a result, earnings expectations for the current quarter have fallen from $0.30 per share to $0.18 per share and earnings estimates for the full year falling from $0.81 per share to $0.69 per share. Although earnings estimate revisions are important to follow, it’s essential to pay attention to why estimates are being revised as well.

In the case of GoPro, there are good reasons for the revisions. Over the past few quarters, earnings have missed expectations and continue falling. This is the result of a couple of major issues GoPro faces:

  • Target Market – The target market for GPRO is relatively small. Their cameras are designed for extreme athletes that want to capture their movements on film. Sure, this seems like a huge audience, but when it boils down, there’s really not much out there. In order to realize massive success, GoPro is going to have to come up with a camera that’s designed for the every day consumer. Until then, the company is figuratively putting the wrong bait on the hook and can’t expect to see any massive increases in sales.
  • Competition – When GoPro first launched its cameras, they were the talk of the town. No one had seen anything like it. However, over the years, things have changed in a big way. Today, many cell phone cameras can capture video just as well, if not better than GPRO cameras. Unfortunately, GoPro can’t seem to keep up with the mounting competition in the industry, bearing a striking resemblance to BlackBerry’s activities several years ago!

What We Can Expect To See From GoPro Moving Forward

Moving forward, I don’t have very high hopes with regard to what we can expect to see from GPRO. Unfortunately, with such a small target market and mounting competition in the industry, it doesn’t seem as though the company is going to be able to pick up sales any time soon. As a result, I’m expecting to see a continuation of negative earnings expectation revisions and downward movement on the stock. Until GPRO releases a product that’s fitting for general consumers, chances are that things aren’t going to change much. In the end, the company needs to produce a solid earnings report in order to improve the investor sentiment surrounding the stock. While this may happen at some point down the road, it doesn’t seem as though it’s going to happen any time soon.

What Do You Think?

Where do you think GPRO is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

TradeStation$9.99Open a TradeStation Account!

Sunedison SUNE Stock News

SunEdison Inc (NYSE: SUNE)

SunEdison has been a very interesting stock to watch as of late. After positive news with regard to global governmental input on the topic of climate change and tax credits in the United States, SUNE started to soar. However, shortly following all of the good news, bad news came and smashed the stock’s growth, sending SUNE in a downward spiral. Now, investors are a bit confused as to what to expect from here. Is it time to buy or time to sell? In my opinion, it’s time to buy! Today, we’ll talk about why.

Follow Warren Buffet’s Lead

You’ve heard of the great Warren Buffet right? If not, you’re likely living under a rock. If you want to be a great investor, a good way to do it is to follow the greats, and Buffet is a great! One of the key pieces of information that Warren Buffet has given with regard to strategy is to buy in times of fear and sell in times of greed. Essentially, when investors are selling off, it’s time to buy while the stock is low and when investors are buying, it’s time to sell when the stock is high. If you’re following these tips, right now is definitely the time to buy SUNE. Unfortunately, fear has taken control of the stock.

Beyond Fear & Greed

Fear and greed are great indications of when to buy and sell, but in my opinion, it goes far beyond that. In this particular case, it’s important to take a look at the fundamental factors. Here’s how I see it:

  • Fundamental Buying Signs – In the case of SUNE, there are several reasons to be excited about the stock. SunEdison is a company that focuses on solar power, and let’s face it, solar is the new black! Recently, Paris struck a climate change deal with 195 countries, all of whom have agreed to work on reducing greenhouse emissions. To do so, these countries are going to need to reduce their reliance on fossil fuels and focus heavily on generating renewable energy, the type of energy that SUNE is known for. In addition, the 30% tax credit from the US government that was supposed to expire in 2016 is now extending far beyond 2016, breathing more life into demand for solar power and other renewable energy systems. Ultimately, demand for SUNE products is on the rise.
  • Fundamental Selling Signs – There is one issue that SUNE is facing. Unfortunately, they are being taken to court for misleading investors. I know, that sounds bad, but don’t let the fear hit you just yet. The suit against SunEdison revolves around the idea that through aggressive acquisitions, SUNE has painted a much more grim financial picture than they have led investors to believe was happening. Now, I disagree entirely with this. While it’s the reason investors are selling the stock at the moment, it’s also unwarranted. The reality is that SUNE has been pretty aggressive with acquisitions. However, it’s those acquisitions that are likely to be the driving force behind the incredible profitability we’re going to see from the company in the future.

Is Now The Time To Buy Or Sell SUNE?

I understand the concerns. However, when investing, fear can lead to missed opportunities. At the moment, SUNE is primed for long term gains, and thanks to the overwhelming fear in the market, it’s possible to get in on those gains at a low cost. As the lawsuit blows over, those who sold the stock are likely to be disappointed in themselves when they realize the growth that’s coming down the road.

What Do You Think?

Where do you think SUNE is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

TradeStation$9.99Open a TradeStation Account!

Ascent Solar Tech ASTI Stock News

Ascent Solar Tech (NASDAQ: ASTI)

Ascent Solar has been a bit of a roller coaster in the market as of late. After announcing a very important contract and a patent, ASTI climbed dramatically. However, since then, the stock has been declining. Nonetheless, I maintain an incredibly bullish opinion of what we can expect to see from ASTI moving forward. Today, we’ll talk about why I expect to see gains in the near future and when we can expect that bullish activity to hit the stock.

ASTI Short Interest Falls Dramatically

Investors are clearly happy with the activity they’re seeing from ASTI as of late. This has become clear thanks to a short interest update that we recently saw on the stock. On December 15th, 439,806 shares were sold short, proving a strong decline of 46.2% in short interest since the November 30th total of 817,004 shares. Short interest is an important factor to watch when considering any stock as the higher the short interest is, the more investors are expecting for the stock to decline. Therefore, the reduction in short interest with regard to ASTI tells us that investors are expecting to see gains in the future.

A Recent Contract Will Send Revenue Soaring

Recently, we heard that ASTI has been granted the GSA Schedule 56 contract by the United States Government. This incredibly important milestone is likely to send sales skyrocketing for the company. That’s because of what the GSA Schedule 56 contract represents. Companies that are granted this contract become suppliers for the government. Under the new contract, it is now incredibly easy for all branches of the United States armed services, federal agencies, and other government agencies to purchase Ascent Solar Tech products. Considering that ASTI deals in light weight solar systems, there are several uses for the US Government with regard to their products and this should send sales upward in a big way. In a statement with regard to the new contract, Rafael Gutierrez, Senior Vice President and Chief Operating Officer at ASTI had the following to say:

Ascent’s GSA Schedule 56 contract unlocks a large and previously untapped potential revenue opportunity. The military applications for Ascent’s lightweight and durable solar products are numerous, particularly considering the MilPak platform, but there are a multitude of other applications for Ascent’s products ranging from disaster relief to use by the US Forest Services…”

What We Can Expect To See From ASTI Moving Forward

As mentioned above, I have an overwhelmingly bullish opinion of what we can expect to see from ASTI moving forward. While in the short term, we may continue to see relatively flat movement, in the long term outlook, this stock is going to soar! The bottom line here is that under the new GSA Schedule 56 contract, the United States Government is likely to become one of Ascent’s largest customers. This is going to increase sales in a big way, leading to strong revenue, earnings, and ultimately, strong growth in the value of the company’s stock. Moreover, it’s clear that I’m not the only person with this opinion. With the massive decline in short interest surrounding ASTI, investors are clearly happy with everything they’re seeing.

What Do You Think?

Where do you think ASTI is headed moving forward? Let us know your opinion in the comments below!

[Image Courtesy of The Denver Post]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

Sunedison SUNE Stock News

SunEdison Inc (NYSE: SUNE)

SunEdison has been an incredibly interesting stock to follow as of late. After Paris reached a climate change agreement with 195 countries and the US Congress extended a 30% tax credit for renewable energy installations, SUNE climbed in the market. However, more recently, the company has been the point of focus in a lawsuit stating that SUNE misled its investors, leading to declines. Now the big question seems to be will the bulls regain control? In my opinion, the answer is yes! Today, we’ll take a look at the lawsuit causing the declines and discuss why I’m still bullish on SunEdison.

Lawsuit Claims That SUNE Misled Investors

Shortly following the slew of good news hitting the solar sector, we learned of a lawsuit filed by Robbins Arroyo LLP against SunEdison. The class action suit claims that in 2014 and 2015, SunEdison misled investors by issuing several quarterly statements that showed an increase in net sales and explained that the company was poised for growth. The problem the law firm has with these statements is that at the time these statements were made, SUNE was opening massive amounts of debt in order to fulfill acquisition goals. While sales were headed up, acquisition costs caused SUNE to produce a second quarter loss in 2015 in the amount of $263 million. Soon, the company laid off 15% of its employees in a massive restructuring plan designed to cut costs following its acquisitions. Robbins Arroyo LLP claims that these are signs that SUNE did, in fact, mislead its investors. As a result, SUNE has seen short interest climb to an all-time record high and the price of its stock plunge from recent highs.

Why I Believe The Bulls Will Regain Control

There are a few reasons that I’m still relatively bullish when it comes to SUNE:

  • SUNE Was Not In The Wrong – First and foremost, SUNE did not mislead investors. The company was seeing increases in sales and revenue during the quarters it announced the positive news. The company has also been very candid with regard to its acquisitions. In fact, investors wanted to see these acquisitions happen. All investors know that acquisitions come with a cost and, in general, are willing to take that loss for the future gains the acquisition will create. With that said, I believe the suit against SUNE Will fizzle in no time flat.
  • Growth In Solar Demand – With the landmark Paris climate deal in mind as well as the extended tax credit for consumers and businesses in the United States that install renewable energy systems, it only makes sense that demand for solar and other renewable energy systems will climb. As a result, we’re likely to see big changes in SUNE sales volume, pushing revenue higher. As investors, our ultimate goal is to realize growth. Based on the expected growth in demand for solar systems, SUNE is likely to produce exactly what investors want to see.
  • Acquisitions Lead To Strength – As the lawsuit against the company mentions, SUNE has been on a bit of an “Acquisition Binge”. While the suit looks at this as a bad thing, I believe that it’s a good thing. The acquisitions that SunEdison has made have been incredibly important to their future growth, especially considering the Vivint acquisition. All in all, while these purchases may have put short term financial strain on SUNE, they are likely to lead to long term financial strength!

What Do You Think?

Where do you think SUNE is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

SolarCity Corp SCTY Stock News

SolarCity Corp (NASDAQ: SCTY)

SolarCity has had an incredible time in the market as of late – that is, until this week. Recently, we’ve seen a couple pieces of positive news out of Paris and tax credits from the federal government. However, this week, a bit of negative news has sparked a slight sell off in SCTY. The negative news comes from the Nevada Public Utilities Commission (PUC). Today, we’ll talk about the news, how SCTY is reacting in the market and what we can expect to see from the stock moving forward.

Nevada PUC Proposed Policy Changes That Could Harm Solar

In Nevada, home owners who have installed solar panels currently receive credits through net metering in which the customers are paid for the electricity generated at retail rates. However, the Nevada PUC has proposed policy changes in a 113 page document that could lead to consumers seeing less benefit in solar. As a result, SCTY has seen big declines. Under the proposition, Navada customers would only receive credits at a wholesale rate, greatly reducing the benefit of solar for Nevada consumers. This would lead to lower sales volume for SCTY and other solar companies with a presence in the state. It would also effectively reduce the value of investments that so many consumers in Nevada have already made. In a statement, Lyndon Rive, CEO of SolarCity had the following to say about the reckless proposal:

The decision would retroactively sabotage the investments Nevadans have already made in solar, even though they were encouraged by their government to make those investments… If the PUC approves this proposal, it will force SolarCity to cease sales and installation operations in Nevada.”

How The Market Is Reacting To The News

As investors, we know that when negative news comes out with regard to a publicly traded company, we can expect to see declines in the value of the stock associated with the news. In this case, we have seen declines on SCTY. Yesterday, the stock closed at $51.32 per share after a loss of 6.84%. In pre-market trading today, things aren’t looking positive either. Currently (6:36), SCTY is trading at $51.05 per share after a loss of 0.53% so far today.

Should Investors Be Concerned About The PUC Proposal?

If the proposal to reduce credits for consumers with solar power is approved, it could have a negative effect on SCTY sales. So, concern is understandable. However, I believe that the probability that this change will be approved is relatively slim. Think about it, over the past several years, tons of consumers in Nevada have made investments in solar technology based on encouragement from their government. Now, the government is proposing to make a change that would make those investments lose value in a massive way. Even the proposal of this type of change is reckless, however, approval of the proposal would take this rash decision to the next level. With that said, I don’t believe that the proposal will be approved, nor that SCTY investors have anything to be concerned about in the long run.

What We Can Expect To See From SCTY Moving Forward

While the outlook may be a bit bearish in the short term, thanks to the ridiculous proposal offered up by the PUC, I have an incredibly positive opinion of what we can expect to see from SCTY in the long run. The reality is that with Paris pushing climate regulations around the world and the United States federal government extending tax credits for consumers and businesses that invest in solar, things are looking great for the long run potential of SCTY and other solar companies. All in all, the news with regard to the Nevada PUC is likely to be a short-term blip in long-term bullish activity!

What Do You Think?

Where do you think SCTY is headed moving forward? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Scottrade

$7.00

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

Sunedison SUNE Stock News

Sunedison Inc (NYSE: SUNE)

Sunedison has had an incredible time in the market recently as a result of several pieces of positive news that have been released. However, today, the stock is heading on declines and for good reason. A class action lawsuit was opened against the company, leading to investor concern. Today, we’ll talk about the class action suit and whether or not this is likely to be the end of gains for the stock.

SUNE Sued For Misleading Investors

Recently, the law firm Robbins Arroyo LLP filed a class action suit against SUNE, stating that the company deliberately misled investors. According to the suit, in 2014 and 2015, Sunedison issued several quarterly statements showing increases in net sales and explaining that the company was poised for growth. However, in the mean time, SUNE was taking on massive amounts of debt… $11 billion in debt to be exact. This debt was taken out in order to fulfill acquisition plans the company had, plans that the lawsuit claims were an acquisition binge. As a result of the so-called binge, in the second quarter of 2015, SUNE reported a loss of $263 million on $455 million in revenue. In October, the company laid off 15% of its workforce and announced several restructuring changes. So, Robbins Arroyo LLP believes that based on the financial data we’ve seen from the company as of late, SUNE deliberately misled investors, and the firm is working to make things right.

Was There Any Wrong Doing On SunEdison’s Part?

In my opinion, the answer to the above question is no! The reality is that sales were going great, and many companies take out debt in order to fulfill acquisition plans. In fact, that’s something we’ve seen numerous times this year and last! I believe that SunEdison honestly believed that the acquisitions would greatly increase the value of their company and prove to be strong moves for their shareholders.  In the long run, that will likely be the case. Therefore, while this is going to cost SUNE money with regard to legal fees, I think that the complaint is more or less baseless and likely to be shot down in court.

What We Can Expect From SUNE Moving Forward

Moving forward, I still have a bullish opinion of what we can expect to see from SunEdison. However, it’s important to note that news moves the market. With that said, in the short term, particularly over the next couple of trading sessions, we can expect to see losses as investors wrap their minds around the lawsuit filed against SUNE. Nonetheless, in the long run, things are looking up. Here’s why…

The views of consumers, businesses, and governments alike on energy are changing! Over the years, we’ve all heard about how fossil fuels impact the global climate, and that has become a major concern for many. However, the stories are moving toward action now. Recently, Paris announced a landmark deal in which 195 countries have agreed to start working on greenhouse gas emissions. This will reduce reliance on fossil fuels and increase sales for renewable energy companies around the world. In other news, we also recently heard that the 30% federal tax credit for consumers and businesses that install renewable energy systems in their homes and offices will be extended past 2016. This gives potential customers more incentive to act on their renewable energy goals, which will also likely lead to a higher sales volume for SUNE. Also, with the acquisitions in mind, I believe that the company is taking the right position. Essentially, SUNE is positioning itself to take a large percentage of the market share in the renewable energy space. While this may have put the company in debt for now, in the long term, it’s likely to bring profits!

What Do You Think?

Where do you think SUNE is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

BlackBerry BBRY Stock News

BlackBerry Ltd (NASDAQ: BBRY)

BlackBerry has fallen on hard times as of late. However, in my opinion, now is the time to be bullish. Recently, the company reported earnings, blowing away expectations and lending credence to the bullish opinion I have on the stock. Today, we’ll talk about what we saw from BBRY earnings, key factors that investors should keep in mind, and why I’m so very bullish on this stock.

BlackBerry Blows Away Earning Expectations

As mentioned above, BlackBerry recently reported earnings for the fiscal third quarter, blowing away expectations with regard to both earnings and revenue. Here’s what we saw from the report:

  • Earnings – In terms of earnings, BBRY blew away expectations. According to Thomson Reuters, the consensus estimates showed an expectation of a $0.14 loss per share. However, the company actually reported a loss in the amount of $0.03 per share.
  • Revenue – Revenue also blew away expectations. According to Thomson Reuters, analysts expected revenue to come in at $489.04 million. The company actually produced revenue in the amount of $557 million.

Key Information From The Earnings Report

In the report from BBRY, we learned quite a bit of key information that is likely to lead to incredible gains in the long run. Here are a few points of interest:

  • Acquisitions – In the third fiscal quarter, BBRY completed the acquisitions of both AtHoc and Good Technology. These acquisitions were incredibly important to BlackBerry’s ultimate goal of improving software and security associated with the smartphone industry.
  • Priv – During the quarter, the company released the Priv smartphone. This is a very important product release given the fact that it combats the biggest problem BBRY has been facing in the space. While the company has been known for producing solid hardware and incredible security, it’s operating system simply wasn’t living up to the popularity of iOS and Android. The Priv smartphone couples the solid hardware and security BBRY is know for with the overwhelmingly popular Android operating system.

Statements From The CEO

Following the release of the data above, BBRY CEO, John Chen had the following statements to offer:

I am pleased with our continued progress on BlackBerry’s strategic priorities, leading to 14 percent sequential growth in total revenue for Q3. We delivered accelerating growth in enterprise software and higher revenue across all of our areas of focus. Our new PRIV device has been well received since its launch in November, and we are expanding distribution to additional carriers around the world in the next several quarters… Blackberry has a solid financial foundation, and we are executing well. To sustain our current direction, we are stepping up investments to drive continued software growth and the additional PRIV launches. I anticipate this will result in sequential revenue growth in our software, hardware and messaging businesses in the fourth quarter.”

How The Market Reacted To The News

Any time we see positive news with regard to a publicly traded company, we tend to see gains in the value of the stock associated with that company. That’s exactly what we’ve seen as a result of the positive earnings report from BBRY. On Friday, the stock climbed exponentially. Today, those gains are continuing. Currently (12:41), BBRY is trading at $8.91 per share after a gain of 3.48% so far today.

What We Can Expect To See Moving Forward

Moving forward, I’m expecting to see overwhelmingly positive news out of BBRY. First and foremost, I believe that the success of Priv is incredibly important for BBRY. Based on the incredibly positive launch of the new smartphone, I’m expecting to see more handset success down the line. Also, it seems as though the security and software division at BlackBerry is doing incredibly well. All in all, I’m expecting to see earnings move into positive territory next year and the stock climb as a result.

What Do You Think?

Where do you think BBRY is headed moving forward? Let us know your opinion in the comments below!

[Image Courtesy of Flickr]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

Ascent Solar Tech ASTI Stock News

Ascent Solar Tech (NASDAQ: ASTI)Ascent Solar has been a very interesting stock to watch over the past couple of weeks. After being awarded an important contract, ASTI climbed in the market. However, over the past week, the stock has declined by more than 12%. Now, a big question is starting to arise: Is the outlook on ASTI still bullish? In my opinion, the answer is yes! Today, we’ll talk about why I believe the outlook on ASTI is very bullish and now may be the time to get involved.

What Is ASTI

Before we get into why I believe Ascent Solar is likely to climb in the market, it’s important that you understand what the company does. As the name of the company would suggest, Ascent Solar is a company that’s heavily focused on solar technology. However, it’s not just any solar technology. ASTI has created compact, lightweight, yet incredibly durable solar technology that can come in handy in several indications. While you may never see ASTI solar panels on the roof of a building, you are likely to see them on the arm of a soldier, which brings me to the main point here…

ASTI Is Likely To Climb Thanks To A Big Contract

Recently, ASTI announced that it had been granted the GSA Schedule 56 contract. This is a government contract that unlocks the door to a whole new world of potential for the company. Essentially, the GSA Schedule 56 contract enables government agencies to easily purchase Ascent Solar products. This means that soon, ASTI is likely to be flooded with orders from all branches of the US Military, the US Forest Services, and a wide range of other government agencies. Ultimately, what this contract does is open the door to an entirely untapped potential audience. In a statement following the announcement of the new contract, ASTI SVP and COO, Rafael Gutierrez had the following comment to offer:

Ascent’s GSA Schedule 56 contract unlocks a large and previously untapped potential revenue opportunity. The Military applications for Ascent’s lightweight and durable solar products are numerous, particularly considering the MilPak platform, but there are a multitude of other applications for Ascent’s products ranging from disaster relief to use by the US Forest Services…”

ASTI Is Building A Strong List Of Intellectual Property

In the world of tech, IP is incredibly important, and when it comes to Ascent Solar, the company is building an incredibly strong list. In fact, the company was recently awarded a US patent with regard to the manufacturing of one of their flexible thin film photovoltaic modules that are used in it’s EnerPlex line, a line that is leading the way for innovation of solar technology in space!

What We Can Expect To See From ASTI Moving Forward

While the movement in the market over the past week hasn’t been great, I still have an incredibly bullish opinion of what we can expect to see from ASTI moving forward. First and foremost, the company is no longer limited to a smaller target market. Being able to sell its products to US armed services and federal agencies expands their horizons in a big way. Also, throughout the years, ASTI has proven its ability in terms of innovation in the solar technology space. With that said, after the recent declines on the stock, now may be the perfect time to get involved!

What Do You Think?

Where do you think ASTI is headed and why? Let us know your opinion in the comments below!

[Image Courtesy of RECHARGE]

Trade With A CNA Finance Trusted Broker
Broker Trade Fees Promotion Sign Up Here
TradeKing

$4.95

Firstrade$6.95

TradeStation$9.99Open a TradeStation Account!

Sunedison SUNE Stock News

SunEdison Inc (NYSE: SUNE)

SunEdison has had an incredible time in the market as of late. Even after the Federal Reserve made the decision to increase its interest rate, SUNE was one stock that maintained exponential growth. So, what is it about this stock that has investors so excited and is that excitement likely to last? Today, I’ll answer that question.

SUNE & Other Solar Stocks Are Being Separated From The Energy Sector

The energy sector has been struggling for quite some time now – there’s no denying that. In late 2014, the global oil supply glut reached a breaking point, leading to massive declines in the value of the commodity. These declines had a domino effect on the overall energy sector. By mid-2015, even renewable energy companies, such as SunEdison, started to fall dramatically. However, SUNE is now climbing as we start to see a separation between renewable energy and the overall energy sector.

Years ago, we started to hear about the negative effect that the burning of fossil fuels has on the global climate. While these conversations have slowed since, it seems as though the topic is coming back to light and in a big way. As a result, we’re seeing overwhelmingly positive activity surrounding SUNE and other renewable energy companies. So, what’s causing the conversation to come back up again? Well, there are two big stories…

Paris Reaches A Landmark Deal With 195 Countries!

Last week, we heard about a landmark deal out of Paris. The government in Paris has set up a deal in an attempt to reduce the effects of greenhouse gasses on the global climate. Of course, this kind of deal is great for renewable energy companies and the stocks they are represented by, like SUNE. Under the 20 year long deal, 195 countries have agreed to work to reduce greenhouse emissions by taking advantage of solar, wind and water power! Every five years, these countries will report their efforts and the results of their efforts to move forward with reducing greenhouse gases. When this deal was announced, SUNE skyrocketed in the market as did many other solar and renewable energy stocks.

The US Government Is Lending A Hand To SUNE As Well

While the landmark deal in Paris is enough to send SUNE skyrocketing, it’s not the only piece of good news that the company has gotten recently. In fact, on Friday, the US Government completed a crucial vote that will likely lead to higher sales volume for SunEdison. Earlier in the week, Congress had reached a deal to extend a 30% federal tax credit for consumers and businesses that install renewable energy systems in their homes and offices. However, this deal had to be approved by other governmental bodies. On Friday, SUNE climbed in a big way after the Senate announced that it had passed the $1.1 trillion spending measure in a 65-33 vote! This was the final governmental body that needed to approve the measure. As a result SUNE is likely to see more sales, better revenue, and stronger earnings.

What We Can Expect To See Moving Forward

Moving forward, I have an overwhelmingly positive opinion of what we can expect to see from SUNE. As renewable energy continues to be separated from the overall energy sector, we’re likely to see larger demand, higher sales volume, and ultimately investor excitement that drives the stock upward. At this point, if you don’t have SUNE in your portfolio yet, you may want to strongly consider adding it.

What Do You Think?

Where do you think SUNE is headed moving forward? Let us know your opinion in the comments below!

[Image Courtesy of Wikipedia]

Thought Leader Discussions

Gevo, Inc. GEVO Stock News

0 7802
Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...