this sector is dead....
if you want speculative energy..get into uranium and nat gas
government subsidized programs DO NOT WORK!!
wind belongs in the trash aswell
I am putting this on watch. 38% Short interest of the float and price is still near all time lows. Street has been trying to push it down to hard which tells me they want in and out. Out of shorts and in longs. Descending wedge on the daily, inverse head and shoulders on the RSI & CCI. CMF is in a nice uptrend too. If the low doesn't hold oh well for me. Who is willing to short it from these prices??? Getting upgraded to a hold from reduce by some today.
Just a quote from my broker's platform. There are indeed a lot of hardships presented with the sector, but I think in a year or two things could change. Operating costs go down and there starts to be some sustainability. Shorts will be covering before that happens and investors will be buying into weakness regardless. There shouldn't really be an issue of index related activity because soon enough the money that is short will want to be buying other stocks that have fallen from summer pressures. I think this is a perfect time for it to see some type of bounce to start getting a bottom in place. I can always be wrong and the price could continue to falter. The reward is just better for the upside at this point imo and technicals are at their wits end.