For Immediate Release
Chicago, IL – January 20, 2010 – Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Alpha Natural Resources (ANR), Walter Industries (WLT), Canadian Solar (CSIQ), Solarfun Power (SOLF) and Trina Solar (TSL).
Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist for Zacks.com.
“Old” & “New” Energy Show Improvement
Two industries that in one sense are polar opposites of each other, but in other respects are similar both showed fairly significant improvements in their industry scores this week. Both are in the Energy sector, but one is synonymous with the old, Coal, while the other is supposed to be the salvation of the future, Alternative Energy.
Of the two, based on the Zacks Rank, which is a very effective short-term (up to about 3 months) tool for trading, Coal looks better on both the absolute increase, and on the weekly improvement. Coal is currently in 52nd place out of the 206 industries we rank. That in and of itself would not be enough to get it mentioned here. However it improved by 52 spots over the last week, with the average (unweighted) Zacks Rank improving to 2.75 from 2.94. Two stocks that stand out with Zacks number one rankings are Alpha Natural Resources (ANR) and Walter Industries (WLT),.
With 16 firms in the industry, it is easier for Coal to make a big move in the ranking (in either direction) than it is for the Alternative Energy Industry, which has 32 names. The more firms there are in an industry, the more the industry rank is going to tend towards 3.00, and the less impact any individual stock’s rank will have on the overall industry rank.
The Alternative Energy Industry did move up 12 spots this week to 63rd place. The Coal industry only had one stock with a Zacks Rank #4 weighing on its total (an no Zacks Rank #5s), while the Alternative Energy industry is more differentiated when it comes to the Zacks rank. It has three Zacks Rank #1 firms that are worth taking a look at: Canadian Solar (CSIQ), Solarfun Power (SOLF) and Trina Solar (TSL), as well as seven Zacks Rank #2 stocks.
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Contact: Dirk Van Dijk, CFA
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