Bizzare Rally in Small-cap Solar Stocks
There has been a massive rally this week in small-cap solar stocks (chart). It seems to be associated with the Solar Power International conference which is going on in Los Angeles right now.
dollars in millions | |||||
Name | Ticker | Market Cap | EV | EBITDA | EV/EBITDA |
DayStar Technologies | DSTI | 10 | 11.6 | -17 | -1 |
Ascent Solar | ASTI | 151 | 89 | -23 | -4 |
Evergreen Solar | ESLR | 193 | 456 | 25 | 18 |
Hoku | HOKU | 162 | 191 | -7.6 | -25 |
Spire | SPIR | 53 | 42 | -7 | -6 |
Emcore | EMKR | 89 | 72 | -25 | -3 |
CVD Equipment | CVV | 39 | 33 | 1 | 33 |
Sadly, none of these companies are very profitable. This rally seems to be a case of daytraders chasing momentum.
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