Hi Grommit - You might also want to look at Corning Inc. (GLW) for a low risk high return play on the Solar Industry. An undiscovered asset in GLW is Hemlock Semiconductor. GLW owns a 33% stake in Hemlock Semiconductor Corp., a maker of microchips used in solar-cell technology.
greentechmedia.com
From the article"...Lazard Capital Markets analyst Sanjay Shrestha wrote that a number of silicon manufacturers are expanding production. As it previously announced last year, Hemlock Semiconductor Corp. is growing its production to reach 36,000 metric tons by 2011, with some of the expansion coming online in 2010. Meanwhile, Wacher-Chemie expects to reach 21,000 metric tons in 2010 and REC Solar said it expects to grow production to about 7,000 tons this year, from about 5,850 metric tons last year. Shrestha went on to say the cost of silicon production for new entrants will likely result in a "floor for silicon prices," provided that solar industry electricity prices are competitive with conventional electricity....".
With GLW you get a small dividend, a company that is earning money with a forward PE of 13 and growth opportunities in several emerging sectors including new clean diesel filters, bio tech diagnostic devises and interests in a solar silicon manufacturer. GLW is not a screaming buy at these levels, but I was lucky enough to pick up shares in 2002 in the single digits.
GLW may provide an alternative low risk "value" play for participating in the solar panel business and other emerging technologies.
finance.yahoo.com
EKS |
