Solar energy stocks are one of the hottest groups in the market of late. There’s a lot of momentum and they’re hitting all-time highs, which is great! That means there’s a lot of money going into these companies.
That’s likely to continue, and solar energy stocks should keep surging.
But it’s not uncommon for hot sectors to quickly cool down for a bit. Traders sometimes make quick exits because they feel the stocks have run up as far as they can for now… and they’ll shift their attention elsewhere. Wall Street analysts sometimes downgrade a sector for similar reasons.
When faced with that risk, I start looking for other companies within that sector that have been left behind… for one reason or another. The way I see it — if I pick wisely — the stock will catch a bid and move higher sooner or later if sector momentum continues. And if the whole sector cools, these “left behind” stocks don’t carry as much potential downside since they’re already cheap.
And that’s what I’ve found today with a solar energy stock that’s been left behind.
This solar energy stock doesn’t make panels. It actually makes the tracking motors that slowly tilt a bank of panels so they’re always facing toward the sun. The motors increase the power output of a panel by up to 25%.
And it’s one of the dominant players in its niche. One out of every four solar modules in operation in the U.S. is attached to one of this company’s motors.
It also has a three-prong strategy for big growth:
It’s a winning formula. And the company went public early this year, so it’s still largely an unknown in the trading community. In fact, it’s only a couple of dollars above its IPO price.
But not for long.
Check out my short video and let’s chant more about this solar energy stock play. Are you investing in solar? Share your thoughts below.
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