Solar Stocks Weekly Report - Week ending November 26, 2006
Key highlights:
- First Solar Inc. (Nasdaq: FSLR) leads the way again. The stock is up 38.75% since its IPO.
- Suntech Power Holdings (NYSE: STP) also had a good week as the stock closed the week up almost 7%. Suntech Power is seeing a lot of positive news lately. See my article from earlier this week on Suntech Power for more on STP.
- Canadian Solar (Nasdaq: CSIQ) is hanging around its IPO price of $15. It was the only Solar stock to close the week in red.
- Needham & Co initiated coverage on Evergreen Solar (Nasdaq: ESLR) with a ‘Buy’ rating and a price target of $12.
- Crude Oil: 1.90%
- Nasdaq: 0.59%
- S&P 500: (0.02%)
- Dow: (0.51%)
- First Solar Inc. (Nasdaq: FSLR): 12.17%
- SunTech Power (NYSE: STP): 6.96%
- SunPower Corp. (Nasdaq: SPWR): 5.42%
- Evergreen Solar (Nasdaq: ESLR): 4.34%
- MEMC Electronics (NYSE: WFR): 4.21%
- Energy Conv. (Nasdaq: ENER): 1.86%
- Daystar Tech. (Nasdaq: DSTI): 0.86%
- PS WILDERHILL ENR (AMEX: PBW): 0.72%
- Hoku Scientific (Nasdaq: HOKU): 0.65%
- Spire Corp. (Nasdaq: SPIR): 0.61%
- Canadian Solar Inc. (Nasdaq: CSIQ): (1.38%)
- Solar Stocks Week-over-Week Price change - Week ending January 05, 2007
- Solar Stocks Week-over-Week Price change - Week ending December 31, 2006
- Solar Stocks Week-over-Week Price change - Week ending April 27, 2007
- Solar Stocks Week-over-Week Price change - Week ending April 06, 2007
- Solar Stocks Week-over-Week and YTD Price Change - Week ending August 24, 2007
November 27th, 2006 at 8:16 pm
The solar sector seems to outperform each time the Crude Oil gets positive, above the general market (S&P500, nasdaq,etc..)
STP, SPWR and ESLR should be a good choice for performing above the market if the crude oil isn’t making new lows of course.