Watch Solar Stocks Following ReneSola's (SOL) Raised Shipment Outlook (FSLR) (TSL) (YGE) (TAN)
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Stocks in the Solar sector have been volatile over the first few minutes of Friday's trading session as investors in the group are responding to raised shipment guidance from ReneSola (NYSE: SOL) just after the opening bell.
The company announced a deal to provide 100 MW of high-efficiency Virtus modules to BIG SOLAR S.A. and boosted its FY12 shipment outlook from 1.8-2 GW to 2.2-2.4 GW.
While ReneSola shares are up more than 16 percent at last check, shares of First Solar (Nasdaq: FSLR) are up 1.4 percent, shares of Trina (NYSE: TSL) are up 3.6 percent, and shares of Yingli (NYSE: YGE) are up 2.5 percent, to name a few. The thinly-traded MAC Global Solar ETF (NYSE: TAN) is up 0.65 percent at last check.
The company announced a deal to provide 100 MW of high-efficiency Virtus modules to BIG SOLAR S.A. and boosted its FY12 shipment outlook from 1.8-2 GW to 2.2-2.4 GW.
While ReneSola shares are up more than 16 percent at last check, shares of First Solar (Nasdaq: FSLR) are up 1.4 percent, shares of Trina (NYSE: TSL) are up 3.6 percent, and shares of Yingli (NYSE: YGE) are up 2.5 percent, to name a few. The thinly-traded MAC Global Solar ETF (NYSE: TAN) is up 0.65 percent at last check.
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