I actually got into this stock for the first time a few weeks back. I bought some for my wife's IRA, for the long term. I felt I got in at the bottom of a familiar ebb and flow with solar stocks. ESLR for me has totally fallen out of favor due to its mierable price action.
But here's the upside to solar getting absolutely pummeled since the recession began: First Solar has fallen to an attractive level as well. Though I liked getting in at around $119 in real life, even at $151 I think this is a buy.
This company makes money, has been making money, and it's basically the most successful American solar company out there. That should be all I have to say.
There have been a lot of interesting swings with solar that have been partly political, partly economical. If you were like me, you thought electing a Democrat would mean a boost for solar stocks. But then the banks failed and oil prices collapsed and the perception is that solar power is a luxury.
I will comment more in articles to come, but alernative energy is not a luxury; it will become increasingly clear that it's a necessity.