Solar Stocks Tumble On Triple Whammy (SPWRA, FSLR, SOLF, ESLR, STP, More...)
More News related to CSIQ
- Solar Energy Initiatives, Inc. Signs Financing Agreement for Municipal Solar Projects
- Canadian Solar (CSIQ) Posts Q3 EPS of $0.69, Tops Views; Guides Q409, FY09, and FY10 Shipments
- Canadian Solar Reports Third Quarter 2009 Results and Issues 2010 Guidance
- Trading Radar for 11/17: Home Depot (HD), Saks (SKS), Target (TGT), Autodesk (ADSK), La-Z-Boy (LZB) Report
- SmallCapSentinel.com: Solar Solutions in Arizona
More News related to ENER
- Energy Conversion Devices Announces Final Results of Its Tender Offer
- Energy Conversion Devices (ENER) Shares Continue Lower as JPMorgan, Citi Downgrade
- Highlights From Energy Conversion Devices' (ENER) Q1 Conference Call; Continue To Face Challenging Market Environment
- Despite Blow-Up, Shares of Energy Conversion (ENER) Hanging In There
- Energy Conversion (ENER) Said Prior FY Revenue Production Guidance Not Applicable
More News related to ESLR
- Beacon Equity Issues Technical Trading Overview for Solarfun Holdings Co. Ltd.
- Sirius Integrator Inc. Announces 'Sirius High Availability Solar Systems(TM)'
- SmallCapSentinel.com: Green Energy Technology Report Released
- Notable Analyst Rating Changes 11/06: GE, CBS, HD/LOW, M Upgrade; ESLR, RMD, SUN Downgrade
- Evergreen Solar (ESLR) Shares Tumble Amid Numerous Analyst Downgrades
More News related to Insiders' Blog
- West Pharmaceutical Services (WST) Announces Resignation of COO
- rue21 (RUE) Appoints Arnold S. Barron to Board of Directors
- Builders FirstSource (BLDR) Appoints M. Chad Crow as New Chief Financial Officer
- MICROS Systems (MCRS) Announces Retirement of CFO; Cynthia A. Russo Named as Successor
- XL Capital (XL) Names W. Myron Hendry to New Position of Chief Platform Officer
Shares of solar companies, which are expected to benefit from an Obama Presidency, are under heavy pressure today. Three things seem to be driving today's downside action:
1. A profit warning from SunPower (Nasdaq: SPWRA). Shares of SunPower are down 33% after adjusting its profit guidance lower, citing the recent strength in the U.S. dollar versus the Euro.
2. Crude fell $5 per barrel to $65.50, after data from the U.S. Department of Energy showed another sharp increase in gasoline inventories. Gasoline supplies rose 1.12 million barrels to 196.1 million barrels last week. Economists were looking for a 650,000 barrel drop in gasoline supplies.
3. Proposition 7 failed in California. The measure would have forced California electrical utilities to get 50% of their power from renewable sources by 2025.
Solar Stocks Today:
SunPower (Nasdaq: SPWR) 33% LOWER
First Solar (Nasdaq: FSLR) 12% LOWER
MEMC Electronic (NYSE: WFR) 10% LOWER
Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) 18% LOWER
Evergreen Solar Inc. (Nasdaq: ESLR) 18% LOWER
Suntech Power Holdings Co. Ltd. (NYSE: STP) 19% LOWER
Trina Solar Ltd. (NYSE: TSL) 15% LOWER
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) 17% LOWER
ReneSola Ltd. (NYSE: SOL) 16% LOWER
Canadian Solar Inc. (Nasdaq: CSIQ) 15% LOWER
Energy Conversion (Nasdaq: ENER) 6% LOWER
Claymore/MAC Global Solar Energy ETF (NYSE: TAN) 15% LOWER
Related Categories
Insiders' BlogTrader Talk
Stocks Mentioned
+0.98
-0.05Related Entities
Sign 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!
