There are some serious solar stocks that are bargains right now.

We know that the solar trend is here to stay because its not a competing fuel with petroleum so lower petrol prices don\’t affect its growth.

One of the biggest obstacles to solar is the initial cost. The recent bailout bill had a major earmark for potential solar customers. The drawback is that the waning economy is going to cause middle class buyers to not purchase solar systems. However, wealthier individuals are now more likely to buy a setup.

So with that said, lets look at the solar stocks that are rated cheap on a fundamental valuation basis.

All of these solar stocks have PE\’s under 10 except for CY, but its PE is 10.5.
JASO, TSL, SOLF, SOL, LDK, CY (technically a semi co. with a large stake in SPWR), CSIQ, YGE, SOLR, CSUN, STP, and ESLR.

So if the same growth prospects are still on the table for solar companies, then these stocks are cheap.

There is a reason I haven\’t been posting here in awhile. That is because there have not been many green plays at all. I mean the market has been decimated. I have been short for awhile and have had amazing trading days off this volatility and you can follow what I\’m doing at StockRake.com. However, the clean energy sector has been terrible and there just hasn\’t been any plays. In fact, I thought FSLR was a short on StockRake on September 9th.

Now after this second huge drop in the market, I want to take a look at my scans….

The only two stocks that look like they could make a move here higher are:

FTEK and CREE.

The market is crap here, so be careful.

Posted about RTK on July 25th. I\’ve profiled RTK at slightly lower levels at StockRake.com as well.

Most energy stocks look terrible right now, but at the same time its hurting many alternative energy stocks as well. You haven\’t seen me mention CPST or DAR or several others in awhile here, because nothing is showing as a good play. In fact, most are showing up on the \”its time to short\” list.

In my opinion…stay away for now, or if you\’re an investor, it might be a place to buy something you believe in. I\’m a trader though and I\’ll wait till things turn in my favor.

The following stocks in the cleangreenstocks.com watchlists have moved into buy mode.

NEXS
RTK
ITT
FELE
ELON