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%)

*I am long STP and ESLR

Related Articles
Fatal error: Call to undefined function similar_posts() in /home2/kyastyle/public_html/energy/wp-content/themes/financial_nirvana/single.php on line 36