“Solar Doubler Reports Today: Buy Now”

By Travis Johnson, Stock Gumshoe, February 24, 2009

Ah, good ‘ol Louis Navellier — we can always count on a short-term promise of immense riches from his ads, and today is no different.

He actually released this email yesterday, so when I say it “reports today” that’s not technically a quote, but the company does release their earnings after the market closes today, and Louis apparently thinks you should jump in and buy shares. Of course, he thinks you need to sign up for his newsletter first … but if you just want the name of this “solar doubler,” well, you know better than that — just read on, and all will be revealed at no charge (which remains, even during these deflationary times, substantially less than the $149 the newsletter will cost you on sale).

The newsletter, by the way, is Blue Chip Growth — one of his less expensive advisories, and the one that, until recently at least, was performing best according to Hulbert. Gumshoe readers have not been all that enthusiastic about the newsletter so far, but that’s probably to be expected of a long-biased momentum investor during times like these. You can see the Blue Chip Growth reader reviews we’ve compiled so far here.

So what’s our stock today? It is a solar stock, and we’ve heard Naveller extol the virtues of some of these kinds of companies before — no surprise there, since solar was one of the real growth stock sectors in recent years. But which one does he put at the top of the list right now?

Here’s what he tells us:

“Up 50% Since November 20th

“Solar Doubler Reports Tomorrow: Buy Now

“Tomorrow, our top-rated Solar Doubler declares 4th-quarter earnings.

“Last quarter, the company reported 115% earnings growth and 119% sales growth—rising an incredible 55% in 12 weeks.

“If you can grab this one before earnings are announced, you not only could be looking at another 50% gain by May 25th but possibly a double by July 15th.”

Good stuff, eh? Of course, there are quite a few stocks that bounced mightily off of their November lows, but still, 50% is nothign to sneeze at. Nor is that kind of sales and earnings growth, if they can keep it up.

Do we get some more clues? Indeed we do!

“… analysts see the company’s revenues jumping an incredible 62% in 2009—that’s on top of last year’s huge boost of 142%. And our data confirm this.”


“… the company’s growth estimates continue to improve, DOUBLING from 68% for the current quarter to 145% for next quarter.”

The future picture he paints is a thing of beauty — backlog of $6 billion, major beneficiary of the alternative energy bits of the stimulus plan, big boost from the large new solar power tax credits, etc.

And then the clues keep throwing themselves on the pile, as if Navellier doesn’t even want to make the Gumshoe work for it …

This is the …

“largest manufacturer of thin-film solar but also has the lowest costs in the industry.”

“… one of the only solar manufacturers in the world with the ability to build and install utility-scale solar plants”

“…. the company landed a mammoth, utility scale 7.5-megawatt project to sell electricity to Southern California Edison under a 20-year contract along with new projects in Arizona, California and in—of all places—the Middle East.”

So we don’t even really need to remove the Thinkolator from its custom padded travel case today, I can tell you that this is …

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First Solar (FSLR)

As I said, this is not the first time Navellier has jumped on board with a solar stock — he touted SunPower as the one solar stock to buy last April (it’s down substantially from that time, of course, as are all pretty much all the stocks in this sector).

And First Solar certainly is up about 50% since it bottomed under $100 in November — you can buy shares today for something like $130, and they release earnings after the bell today.

There are certainly many people who are looking for the solar winners from the stimulus bill, and from any renewed focus on alternative energy (renewed meaning, back to the good ‘ol days when oil was at $150 and you could still get a mortgage). Credit Suisse recently upgraded a couple of them, Energy Conversion Devices and SunPower, and said some things about First Solar that were both cautionary and optimistic for the future (you can see the summary here at Barrons).

There has also been a lot of debate about what the crash in polysilicon prices means to the solar companies — that’s the raw material for traditional solar cel