One renewable energy player that insiders are snapping up a huge amount of stock in here is SolarCity ( SCTY), which is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, and sale of electricity generated by solar energy systems to customers. Insiders are buying this stock into major strength, since shares are up 375% so far in 2013. >>5 Stocks Poised for Breakouts SolarCity has a market cap of $4.4 billion and an enterprise value of $4.7 billion. This stock trades at a premium valuation, with a price-to-sales of 37.33 and a price-to-book of 25.70. Its estimated growth rate for this year is 67.4%, and for next year it's pegged at 1.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $159.61 million and its total debt is $299.36 million. A director just bought 214,869 shares, or $10 million worth of stock, at $46.54 a share. The CEO also just bought 107,434 shares, or about $4.99 million worth of stock, at $46.54 a share. An officer also just bought 107,434 shares, or about $4.99 million worth of stock, at $46.54 a share. From a technical perspective, SCTY is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $28.31 to its recent high of $64.50 a share. During that uptrend, shares of SCTY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SCTY into overbought territory, since its current relative strength index reading is 72. If you're bullish on SCTY, then I would look for long-biased trades off a significant pullback, since this stock is too extended above both its 50-day and 200-day moving averages. This stock has put in a major run recently, so it would be wise to wait for lower prices before initiating any new long positions. Some possible buy areas could be around $50 to $45 a share. Let this stock cool off first and base for a bit before jumping in.