Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Solar Stocks Surge as PG&E (PCG) Announces 800MW Deal in California (SPWR, FSLR, LDK, more..)
More News related to CY
- Cypress Introduces PSoC(R) Wireless Environmental Sensing Kit for Atmospheric Pressure, Humidity, Temperature and Ambient Light
- Cypress Semi (CY) Co-Founder Rodgers Buys Over One Million Shares In the Open Market
- Cypress's CyFi(TM) Low-Power RF Solution Takes Winemaking Wireless
- Cypress Webcast on December 3 Shows How to Leverage CyFi(TM) Low-Power RF to Overcome Embedded Wireless Challenges
- Solars Rise as Merrill Downgrades First Solar (FSLR), SunPower (SPWRA)
More News related to ESLR
- Morning Movers 11/21: Citigroup (C) Bounces After Relentless Selling, Autodesk (ADSK) Lower On Results
- David Moenning's Daily State of the Markets: 11/18
- Notable Analyst Rating Changes 11/18: CHS, CBRL, MDTH, DIS Upgraded; KO, PEP, K, DT, ESLR Downgraded
- J.P. Morgan Downgrades Evergreen Solar (ESLR) to Underweight
- JA Solar (JASO) Blows Up Solar Stocks Today After Weak Results/Guidance (SOL, SOLF, ESLR, STP, FSLR, MORE...)
More News related to FSLR
- David Moenning's Daily State of the Markets: 12/02
- First Solar (FSLR) Completes Installation of 2MW Power Plant for Southern California Edison
- First Solar Announces Completion of 2MW Solar Power Plant for Southern California Edison
- Sunrise Solar Opens China Development & Sales Office
- Beacon Equity Issues Technical Trade Alerts on Solar Stocks: JASO, FSLR, STP, SOLR, TSL, LDK
More News related to Insiders' Blog
- Highlights from Chrysler's Official Plan for Short- and Long-Term Viability
- Automakers Seek $34 Billion in Government Cash (GM, F, Chrysler)
- Horrid November Sales Shows Automaker Struggles
- Reports Former AOL CEO Raising Money For Yahoo! (YHOO) Deal
- GE (GE) Shares Rise 9% on Updated Outlook, GE Capital Initiatives
Solar stocks are seeing substantial upside this morning on the back of an announcement from Pacific Gas & Electric Company (NYSE: PCG) that it has entered into several agreements to bring 800 MW of renewable energy to California. According to PG&E, the agreements will create about 1.65 billion kilowatt-hours for about 239,000 residential homes each year.
PG&E's first agreement, with Topaz Solar Farms, a subsidiary of OptiSolar, calls for 550 MW of thin-film photo-voltaic solar power. The second contract, signed with High Plains Ranch, a subsidiary of SunPower (Nasdaq: SPWR), calls for 250 MW of high-efficiency PV solar power.
As the announcement is being called "historic", the entire solar sector is seeing a boost in prices today:
- SunPower up 18%
- LDK Solar (NYSE: LDK) up 6.6%
- Evergreen Solar (Nasdaq: ESLR) up 3.6%
- Suntech Power Holdings (NYSE: STP) up 5.5%
- Trina Solar (NYSE: TSL) up 5.6%
- ReneSola (NYSE: SOL) up 5.6%
- First Solar (Nasdaq: FSLR) up 2.7%
- MEMC Electronic (NYSE: WFR) up 5%
- Cypress Semiconductor (NYSE: CY) up 14%
Related Categories
Corporate NewsInsiders' Blog
Momentum Movers
Stocks Mentioned
+0.33
-0.31Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
