TwinTrader.com announces the publication of “Time to Buy Renewable Energy Shares? Top Fund Manager Buys When Conditions are the Worst.” The article discusses the renewable energy sector and why some see the market turmoil as opportunity.
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In the article the author writes:
"Robust sales, growing margins and record profits riddle the renewable energy sector; but the stocks of these companies have been punished all this year. As of the opening October 6, Morningstar’s 4-star-rated New Alternatives Fund (NALF), headed by David J. Schoenwald, has lost nearly 30% of its NAV since January 2.”
Investors question their decision to buy renewable energy stocks despite robust sales:
“Behemoth solar panel maker First Solar Inc. and geothermal leader Ormat Technologies have had share prices cut by 40% and 43%, respectively. When comparing these declines to the relatively mild 26% drop in the S&P, investors’ hopes in the renewable energy story now have doubts about their decision to buy any of these shares.”
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