Energy Stock Bull

LDK Solar Co. (LDK) looks like it’s breaking out of it’s downward channel:

Looks like the stock found some support at ~27, as I mentioned in my previous post.

LDK Solar Co. (LDK) is a solar company based in China that manufactures and sells multicrystalline solar wafers to manufacturers of solar cells and solar modules in the PRC and internationally. The company went IPO a little over 6 months ago and showed a strong uptrend, trading in a channel until October where it began a quick reversal. Despite the bull market in China, this stock has continually dropped lower and lower, and I don’t think the bearishness is over yet. Should find support at ~$27 levels.

Fuel Tech, Inc. (FTEK) was recently featured in Yahoo! Finance’s “Babe Ruth Portfolio.” Fuel Tech is a leading provider of clean energy technology and solutions to the engineering industry, and has recently formed a partnership with Itochu which gives it a platform to launch into the Chinese market, which will definitely be in need of Fuel Tech’s technology in the coming years. The Babe Ruth portfolio analysis shows the following:

Business Risk: Average
Economic Moat: Narrow
Price/Fair Value Ratio*: 0.63
Consider Buying: $40.90 or below
Consider Selling: $66.40 or above

Here’s a look at the stock chart:

I’m definitely going to keep this one on my stock watchlists.