Wall Street Fundamentals Releases New In-Depth Stock Reports on ENPH, JASO, LDK and SOL


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Companies Mentioned

NASDAQ:ENPH / NASDAQ:JASO / NYSE:LDK / NYSE:SOL
02/24/2014 [ACCESSWIRE]

Solar stocks have surged in 2014 on growing support from the U.S. government. “It’s not just oil and natural gas production that’s booming; we’re becoming a global leader in solar, too,” President Obama said in his State of the Union address. "Every four minutes, another American home or business goes solar; every panel pounded into place by a worker whose job can’t be outsourced. Let’s continue that progress with a smarter tax policy that stops giving US$4 billion a year to fossil fuel industries that don’t need it, so that we can invest more in fuels of the future that do," he added. The Guggenheim Solar ETF (NYSEARCA: TAN) has gained 23.0 percent year-to-date. Here is how some solar stocks reacted Friday:

Enphase Energy Inc. (NASDAQ: ENPH) shares traded in the range of $7.33 to $8.00 Friday before settling to close at $7.37, a decrease of 6.83 percent. The stock appears to be facing some resistance at the $7.48 and $8.28 levels with some support at $7.03 and $6.80. Shares of Enphase Energy have gained approximately 16.0 percent year-to-date.

More information on Enphase Energy and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/ENPH

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) shares traded in the range of $9.90 to $10.41 Friday before settling to close at $10.00, a decrease of 3.66 percent. The stock appears to be facing some resistance at the $10.11 and $10.32 levels with some support at $9.61 and $9.17. Shares of JA Solar have gained approximately 9.0 percent year-to-date.

More information on JA Solar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JASO

LDK Solar Co., Ltd. (NYSE: LDK) shares traded in the range of $1.01 to $1.03 Friday before settling to close at $1.01, a decrease of 1.94 percent. The stock appears to be facing some resistance at the $1.07, $1.16 and $1.21 levels. Shares of LDK Solar have fallen approximately 23.0 percent year-to-date.

More information on LDK Solar and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/LDK

ReneSola Ltd. (NYSE: SOL) shares traded in the range of $3.49 to $3.65 Friday before settling to close at $3.54, a decrease of 1.12 percent. The stock appears to be facing some resistance at the $3.73 and $3.96 levels with some support at $3.46 and $3.06. Shares of ReneSola have gained approximately 2.6 percent year-to-date.

More information on ReneSola and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/SOL

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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