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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (7877)	3/1/2005 3:48:32 PM
From: Smiling Bob	Read Replies (2) \| Respond to of 19256

DSTI is one that may have been mentioned here and since forgotten. Good to see them both doing well SI's limited search doesn't help DJ Evergreen, Daystar Up On California Solar Power Plan . By Deborah Finestone Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of Evergreen Solar Inc. (ESLR) and Daystar Technologies Inc. (DSTI) have basked in the sunlight this week of a new proposal from California Gov. Arnold Schwarzenegger to boost the use of solar power in the state. Monday, Schwarzenegger threw his support behind a proposed tax credit program to encourage the installation of solar energy systems for residential and commercial sites. The goal is to create 1 million solar roofs by 2018. Since the governor gave his support, the stocks of both Evergreen and Daystar have risen more than 20% and have set new 52-week highs. The bill, which is sponsored by Republican and Democrat senators, is expected to face opposition from utilities and labor organizations; however, supporters are more optimistic because it removes some controversial provisions from a similar plan that failed last year. In a report Monday on Evergreen, SG Cowen analyst Robert Stone cited the proposal and recommended purchasing shares as a pure play on solar energy. Stone noted that California is already the third-largest consumer of solar equipment in the world, behind Germany and Japan. However, it gets about 40% more sunlight a year that Germany and 20% more than Japan. Evergreen, which makes solar power products, reported last week that its fourth-quarter loss narrowed to 8 cents a share from 43 cents a share in the year-ago period. Revenue jumped to $9.3 million from $1.4 million a year earlier. Stone said Evergreen's insufficient scale is limiting its profitability, but he expects it to turn a profit by 2007. One of the bill's sponsor's, Sen. Kevin Murray, D-Culver City, said in a statement that using solar energy would not only reduce owner's energy bills but "exponentially expand California's solar energy markets." Schwarzenegger has previously said he would encourage builders to build homes using solar power. "Today, in California where we are famous for the sun, we are going to put the positive benefits of that sun to good use," he said in a statement. SG Cowen maintains an investment banking relationship with Evergreen. Shares of Evergreen recently rose 15.2% to $6.82 on volume of 4.7 million shares, well above its average daily volume of 1.1 million shares. The shares hit an intrasession high of $6.87, besting its previous 52-week top set Monday. Monday, shares rose 7.8%. Daystar gained 12.2% to $6.34 on volume of 508,803 share, more than five times its average volume. It set a new 52-week high earlier in the day at $6.68, above the previous record of $6.10 set Feb. 10. On Monday, shares rose 9.3%. -By Deborah Finestone; Dow Jones Newswires; 201-938-2205. (END) Dow Jones Newswires March 01, 2005 12:24 ET (17:24 GMT)- - 12 24 PM EST 03-01-05 Brought to you by Scottrader, a product of Scottrade Inc