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Beacon Research Issues TraderNotes on DKSC, ESLR, FSLR, WWAT, STP, BOLV for January 15, 2008

Today’s TraderNotes include: Dakshidin Corporation (Pink Sheets: DKSC), Evergreen Solar, Inc. (Nasdaq: ESLR), First Solar, Inc. (Nasdaq: FSLR), WorldWater & Solar Technologies Corp. (OTCBB: WWAT),  Bolivar Mining Corporation (Pink Sheets: BOLV)  

 

Dakshidin Corporation (DKSC) TraderNote – DKSC Boosted By Its Marketing Programs and Distributor Agreements

 

Dakshidin Corporation (DKSC) closed yesterday at yesterday at 0.21.  For today the stock opened at 0.22.  So far today the stock hit a high of 0.24 and touched a low of 0.22 at opening.  Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces the world's most powerful pumping windmill.  The RESTEC water pumping Windmill and the Restec Wind Turbine are the renewable, cost-effective and environmentally friendly solutions for the world's water and energy crisis.  DKSC is investing in a marketing program and establishing demonstration windmills worldwide and has already established distributor agreements in the US, the Caribbean, Africa, China and India and a manufacturing/distribution joint venture in China.  DKSC’s management team is actively promoting the Company’s novel technology and products in meetings with representatives from the public and private sectors in Mexico, China, the US, and several African nations. Dakshidin Corporation recently announced that HKS (Wuhu), the parent operating company for the Wuhu Green Project, has reported its forecasted revenues for its operations in China. Within the first four years of operations, total revenues are projected to be $215,000,000.  During this stage, an annual growth rate of 18% per year is anticipated.  In DKSC's daily chart today, RSI indicator so far reflected a reading of 47.96, with an inclination towards the neutral zone of 50%.  MACD reading at -0.001 must return above the 0 level to indicate a bullish signal, while slow Stochastics readings of 36.39 %K and 39.64 %D indicate still a bearish signal but near neutral with the present price so far trading above yesterday's range, now at 0.245, or an increase of 16.67%.   

 

Evergreen Solar, Inc. (ESLR) TraderNote – ESLR Strengthened by Its 'String Ribbon' Technology

 

Evergreen Solar, Inc. (ESLR) closed yesterday at 15.27.  For today the stock opened at 14.71 and so far hit a high of  14.97 and touched a low of 14.53.  Evergreen Solar, Inc. engages in the development, manufacture, and marketing of solar power products primarily in Europe and the United States. The company uses its proprietary 'String Ribbon' technology process in manufacturing crystalline silicon wafers, the primary components of photovoltaic cells. These photovoltaic cells generate direct electricity when exposed to sunlight. It principally offers solar panels, solar cells, and solar systems. These solar modules are the assemblies of photovoltaic cells that are electrically interconnected and laminated for electric power generation, such as on-grid and off-gird generation. The company sells its products through distributors, systems integrators, and value-added resellers. It has a strategic partnership with Q-Cells AG and Renewable Energy Corporation ASA to manufacture, market, and sell solar products based on its proprietary 'String Ribbon' technology using fabrication processes that combine the company's, Q-Cells' and Renewable Energy's manufacturing technologies.  In today's daily chart, ESLR's RSI so far reflects a reading of 42.03, bearish with no confirmation of an exhausted condition.  ESLR's MACD indicator so far today reflects a weak bearish signal with the histogram reading below the 0 level at -0.452, but the 12-day and 26-day EMAs both in the positive zone so far with last readings of 0.245 and 0.696, respectively.  The same chart also reflects a rounding top formation, indicating a bearish signal in the near-term but may see a retracement of its two-week range upwards in the next sessions.  Slow Stochastics so far at 7.22 %K and 11.17 %D are still to confirm an oversold condition upon a crossing by the lines through the 20% level upwards.   

 

First Solar, Inc. (FSLR) TraderNote – FSLR Finds Support from Solar Project Developers and System Integrators in Germany

 

First Solar, Inc. (FSLR) closed yesterday at 224.76 and opened today at 217.60.  So far today the stock hit a high of 220.00 and touched a low of 212.92.  First Solar, Inc. and its subsidiaries engage in the design, manufacture, and sale of solar electric power modules. The solar module is a polycrystalline thin film structure that employs cadmium telluride semiconductor material to convert sunlight into electricity. The company sells its products to solar project developers and system integrators primarily in Germany. The company was founded as First Solar Holdings, LLC in 1999 and changed its name to First Solar Holdings, Inc. Further, it changed its name to First Solar, Inc. in 2006. The company is headquartered in Phoenix, Arizona.  In today's daily chart, FSLR's RSI so far reflects a reading of 39.47, indicating a bearish signal with no confirmation of an exhausted condition.  Slow Stochastics indicator so far reflects readings of 16.17 %K and 20.71 %D, almost confirming an oversold condition with the recent touch of the 20% level.  In the same chart, a rounding top formation is reflected indicating a near-term bearish signal  to test the psychological support level of 200.00.  However, a good buying entry point for FSLR is represented if prices remain above this level in the next few sessions.   

 

WorldWater & Solar Technologies Corp. (WWAT) TraderNote – WWAT Well-Positioned with Its AquaMax Solar Electric System and Photovoltaic Net-Metering Systems

 

WorldWater & Solar Technologies Corp. (WWAT) closed yesterday at 1.56.  So far today, the stock hit a high of 1.53 and touched a low of 1.38.  WorldWater & Solar Technologies Corp. operates as a solar engineering and project management company in the United States and internationally. It provides water and power solutions using solar electric technology. The company offers AquaMax solar electric system, an alternative energy solution, which operates pumps and motors up to 1,000 horse power for irrigation, refrigeration and cooling, and water utilities. Its AquaDrive controller converts solar DC current to AC, then supplies the AC power to a motor or pump from either the solar array or the grid, or simultaneously from both sources. The company also offers photovoltaic net-metering systems that are designed to zero out electrical usage charges for residential, commercial, industrial, and governmental applications. In addition, the company is developing MobileMaxPure, a trailer mounted solar powered system designed to pump and purify water for both drinking and food preparation.  In today's daily chart, WWAT's RSI so far reflects a reading of 28.57, almost confirming an oversold condition upon the line's crossing the 30% level upwards. MCAD histogram reading so far is in the negative zone at 0.038 indicating a bearish signal.  Weekly chart for the stock reflects a rounding top formation, indicating a near-term bearish signal with the psychological support of 1.20 as its next target.  If prices however, remain above this level in the next sessions, a good buying entry point is set for the stock.   

 

Bolivar Mining Corporation (BOLV) TraderNote – BOLV Buoyed by Its Studies On Major Mining Deposits

 

Bolivar Mining Corporation (BOLV) closed yesterday at 0.12 and opened today at 0.14.   So far today the stock hit a high of 0.14 and touched a low of 0.11.  Bolivar Mining Corp, is a metals mining and exploration company engaged in global mining projects in over seven countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably or have overlooked, thus allowing access to bring rich mineral reserves to the global market.  In Peru, Argentina, and Southwest Ecuador, BOLV is  evaluating several significant carnotite and Uraninite group mineral deposits.  In Montana, BOLV is evaluating a Molybdenite deposit.  While in Chile, they are currently analyzing a profitable deposit of Wolframite (iron-manganese tungstate) and several significant Chromium (Chromite) deposits being reviewed in Turkey.  The technical team is also conducting a detailed study of a major iron deposit in Argentina and two locations in Brazil, and one in North Carolina and Oregon that the technical team is assessing deposits of Hafnium with Zirconium, which they feel will prove to be substantial.  In today's daily chart, BOLV's RSI so far reflects a reading of 34.07, with a near neutral indication.  MACD histogram is still in the positive zone of 0.031, but with the 12-day and 26-day EMAs below the 0 level with readings of -0.157 and -0.188, respectively, to indicate a weak bullish signal.  Slow Stochastics indicator so far reflects readings of 34.72 %K and 46.11 %D, near neutral with no indication of an exhausted condition.    

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of Dakshidin Corp. (OTC: DKSC).  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of seven thousand five hundred dollars from a non-controlling third party for enrollment of DKSC in its research program.  This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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