Stockchase Opinions

Paul Thornton Arise Technologies Corporation APV-T BUY May 07, 2008

If you like the solar space, some of the companies that you could consider are First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q).
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DON'T BUY
There have been some delays, which is one of the reasons the stock has not performed well. This is not one of his favourites. They need to execute better.
DON'T BUY
Have 3 parts. 1) Manufacturing facility in Germany that is largely subsidized by the government. 2) Installation of devices on roofs to capture power. Payback is roughly 15-20 years. 3) Growing silicon for semiconductors. Better companies available.
DON'T BUY
Whole solar sector ran up on a view that solar was going to come into a much bigger part of the energy mix. It will take some time and will require incredible patience.
DON'T BUY
Solar is in a bit of an eclipse. Across the board in the solar sector there are capacity cuts and supply cuts and companies are downgrading guidance. Solar will be massively in overcapacity in 2009 based on fundamentals. This company has some new interesting technology but it is not ready yet. A wildcard is what governments do.
DON'T BUY
If you are going to have only 1 or 2 clean technology stocks this is not one that should be on your list. Very early days. They are looking to exploit some university research.
DON'T BUY
Silicon production and solar devices. Doesn't see it inherently benefiting from Ontario's green technology. Had some technical difficulties.
DON'T BUY
A play on the solar industry. Solar is interesting but it's a bit pricey and he is not playing this area today.
DON'T BUY
Has always liked management but it has been a serial disappointer. Had to do a massive dilution in the share count earlier this year. Will also be beholden to subsidies for green energy (solar energy) in Germany.
COMMENT
Have a solar manufacturing plant in Germany and expanding into an installation location in Ontario where government has indicated a strong incentive to install solar residentially and commercially. Emerging growth story but not in his database.
DON'T BUY
Manufacturer of solar cells, particularly in Germany. Their big challenge is that the German market is over 40% of the global installed base for solar. Governments around the world are cutting back on solar subsidies.