Here is the sun?
In this overview of October Action Alerts PLUS Member Callco-portfolio manager Bob Lang broke down his favorite solar stocks.
“I love the solar power group. And that group has done extremely well since the more recent passage of this infrastructure bill…These names are going to do extremely well in the long run,” said Lang.
Watch the video above to hear his take on First Solar (FSLR) canadian solar (CSIQ) and Tesla (TSLA) .
FULL VIDEO TRANSCRIPTION BELOW:
BOB LANG: I love the solar energy group. And this group has done extremely well since the more recent passage of this infrastructure bill. And then also, it seems like every couple of weeks there’s news coming out of Washington about some credits for people using sunscreen products, and so on. And so names like First Solar, FSLR; Canadian Solar; which, ironically, a Canadian company is actually a Chinese company. JinkoSolar, SunPower. These names are going to do extremely well in the long run.
And listen, I’d even put Tesla in there. Tesla bought SolarCity, a company that Elon Musk started a few years ago. They bought SolarCity a few years ago on the cheap before the pre-Tesla stock really started to take off. And they have combined their resources with electronic vehicle and solar energy to become a real powerhouse in this industry as well. So I think over time, especially as Washington continues to create what is beneficial to the environment.