Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Riding a wave of momentum with no new company-specific announcements, shares of Yingli Green Energy (NYSE: YGE ) climbed more than 11% early Thursday before settling to close up around 7%.
So what: Yingli Green Energy stock also jumped more than 10% yesterday after the Chinese solar specialist announced trial production of M-SI modules with what it's calling N-type Metal-Wrap-Through, or "N-MWT," technology. According to yesterday's press release, N-MWT should serve as a significant differentiator for Yingli's solar tech by both reducing power loss in the module encapsulation process and improving solar cell efficiency.
Now what: But while N-MWT definitely isn't a near-term catalyst, in March Yingli management did state they're aiming to increase photovoltaic market shipments in 2014 by roughly a third over last year to a range of 4 GW to 4.2 GW. That would help them achieve sustained profitability early in the third quarter. If Yingli shows notable progress toward these goals with its upcoming second quarter results -- and with the stock still trading more than 60% off its 52-week-high of $8.77 per share -- patient investors could still stand to be rewarded handsomely.
3 stock picks to ride America's energy bonanza
But solar also isn't the only promising energy play out there. In fact, record oil and natural gas production is currently revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, The Motley Fool is offering a look at three energy companies using a small IRS "loophole" to help line investor pockets. Learn this strategy, and the energy companies taking advantage, in our special report "The IRS Is Daring You to Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.