Dimming Down: Sell Renesola

Robert Hsu, August 18, 2008

It is at the top of its game with its solar panel technology, and I thought that it would be a front-runner in alternative energy, especially as high oil prices are crimping wallets. But, unfortunately, going green is still gaining traction, as many people are unwilling to give up their ways.

And to make matters worse, the solar sector took a major hit recently as the subsidies from European countries became lower than the industry experts' forecast. As a result, all of the major solar companies, including our ReneSola, were down sharply recently.

This is why I we should sell ReneSola. It is a nice stock with a great vision, but the timing is just not right. I don't think that this stock will make a miraculous correction any time soon, so I recommend that you sell ReneSola.

However, there are other ways to make money from the current trends in energy. To find out my top picks and get in on the profits, join Asia Edge today.

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