As money from President Obama�s stimulus package begins to trickle into the solar industry, we're seeing momentum in small-cap companies gaining.
I know it would only be a matter of time until the $5.5 billion earmarked by the current administration for alternative and clean energy, scientific research and various environmental projects created investment opportunities.
As part of the New Orleans Solar School Initiative, four schools will be equipped with solar as an overall goal to deliver clean energy back into the community of New Orleans. The first project will be to build a 28kW rooftop solar array at Warren Easton High School in New Orleans.� The 28kW grid-tied system, covering 35,400 sq. feet can be expanded to as much as 125kW.�
In other solar activiity, a fully operational 20kW solar system has been completed on the rooftop of the Town Hall in Warwick, N.Y.
The bulk of Obama�s $5.5 billion allocation will go toward installation of solar panels on Federal building roofs as well as to install high-tech energy meters and smart lighting systems that adjust to daylight.
You may consider these small pickins' but a large number of small jobs still add up to as much as a few large jobs. Obama vows to invest $150 billion in clean energy projects over 10 years and create 5 million new �green-collar� jobs.
That�s a 150% increase in the percentage of energy sourced from renewable means, like solar, by 2013.
All of the following small-cap solar companies have recently crossed their 200-day moving averages and are in an uptrend: Solarfun Power Holdings (Nasdaq: SOLF), JA Solar Holdings (Nasdaq: JASO) and GT Solar International (Nasdaq: SOLR). Evergreen Solar Inc. (Nasdaq: ESLR) is heading higher and closing in on that mark.
Solar projects can only speed up, and when they do companies like the above and shareholders who own them will be sitting pretty.
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