Solar Stocks Weak Again as Noted Analyst Sees More Bankruptcies (FSLR)
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Price: $214.28 +0.10%
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Solar stocks are getting bludgeoned again Thursday after a noted analyst said more bankruptcy in the sector are coming over the next 2-3 quarters.
Chardan analyst Jay Srivatsa said the outlook for the sector is "dismal" and even large companies like First Solar (Nasdaq: FSLR) are idling production lines and still others have suspended commercial production.
Srivatsa remains bearish on the sector and doesn't expect a snap back until later this year.
Shares of First Solar are down 3 percent, while the sector is flat at represented by ETF Guggenheim Solar (NYSE: TAN).
Chardan analyst Jay Srivatsa said the outlook for the sector is "dismal" and even large companies like First Solar (Nasdaq: FSLR) are idling production lines and still others have suspended commercial production.
Srivatsa remains bearish on the sector and doesn't expect a snap back until later this year.
Shares of First Solar are down 3 percent, while the sector is flat at represented by ETF Guggenheim Solar (NYSE: TAN).
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