Solar Stocks to Watch: Hanwha Solarone Co Ltd (NASDAQ:HSOL) Up 16.18%, Ascent Solar Technologies, Inc. (NASDAQ:ASTI) Up 4.07%

Posted by Chris Bell May 23, 2013 0 Comment 1596 views


Northern, WI 05/23/2013 (GDPInsider) – Hanwha Solarone Co Ltd (NASDAQ:HSOL) has continued its upward momentum, opening today’s trading at 1.26. The stock started 0.10 cents below its previous close of 1.36 but gathered momentum and is now up 16.18%. Volume is strong at 1.939 million, an increase of 294.83% upon average volume of 491.11K. HSOL has a trading range of 1.23 and 1.58 and current market valuation means that the stock is trading 19.80% below its 52-week high of 1.97 and 105.19% above its 52-week low of 0.77.

HSOL debut modules from its newest generation HSL Series at the SNEC PV Power Expo 2013, and is set to announce Q1 2013 financial results on May 30. HSOL is one of the top-10 global producers of photovoltaic solar modules.

The strong uptrend is reflected in its technical chart which shows a northward climb. The stock is trading 40.69% above its 20-day simple moving average and 54.27% above its 50-day simple moving average. HSOL has a RSI of 66.50 and the stock has already surpassed its target price of 1.00 set by analysts.

Is HSOL a solid investment at these levels? Get exclusive data and trends here.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) opened trading 0.75, 0.06 cents below its previous close of 0.81 but the stock rallied and is now up 4.07%. The range for the day is 0.7232 and 0.89 on strong volume of 1.494 million. ASTI is trading 63.51% below its 52-week high of 2.31 and 72.04% above its 52-week low of 0.49.

ASTI took a major step in broadening its market reach with the announcement that the company has established a retail presence in Colorado. As on the market leaders in the manufacture of photovoltaic modules, the new move will see ASTI extending sales of its new EnerPlexTM series of consumer products.

ASTI is up 28.31% above its 20-day simple moving average and% above its 50-day simple moving average. RSI is 65.05 indicating at current market valuation; ASTI is still below overbought levels.

There are 51.52 million shares outstanding in ASTI and insider account for 69.82% of current trading volume.

 

How Should Investors Trade ASTI Now? Get exclusive insights and updates here.

 

 

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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