Solar and Ethanol stocks come down with the decline in Crude oil price
Solar and Ethanol stocks which have been on an incredible run lately showed some weakness today. However, the weakness could be temporary since they tend to trade with the price of oil.
One stock I am going to keep an eye on is SunTech Power Holding Co., Ltd. (NYSE: STP). I like this stock in the Solar sector and would like to pick some up if the decline continues. The high margins, China market, low cost manufacturing, access to Silicon and being the official supplier for Beijing Olympics are some of the things I like about this stock.
As always, I also have my eye on Pacific Ethanol Inc. (NASDAQ: PEIX), but I wouldn’t touch this stock at this level.
