Solar Stocks Get Relief Rally (TAN, KWT, YGE, TSL, STP, FSLR)

A number of solar names are seeing interest today after weeks of selling pressure. The common reason to explain a move higher in the group - higher oil prices - is not a factor today, so other events are likely involved. Some simply view today's move as a relief rally. The sector is down 19% over the last month.

The broad sector is up 3% currently, as represented by the ETF Claymore/MAC Global Solar Energy (NYSE: TAN). The other sector ETF Market Vectors Solar Energy ETF (NYSE: KWT) is up 3.8%.

Some movers in the sector:

• JA Solar Holdings Co., Ltd. (Nasdaq: JASO) +14%


• Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) +10.4%


• Trina Solar Ltd. (NYSE: TSL) +8%


• ReneSola Ltd. (NYSE: SOL) +8%


• LDK Solar Co.Ltd. (NYSE: LDK) +7%


• Canadian Solar Inc. (Nasdaq: CSIQ) +7%


• Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF)


• Suntech Power Holdings Co. Ltd. (NYSE: STP) +5%


• Evergreen Solar Inc. (Nasdaq: ESLR) +4%


• First Solar, Inc. (Nasdaq: FSLR) +1%


• MEMC Electronic Materials Inc. (NYSE: WFR) +3%


• SunPower Corporation (Nasdaq: SPWRA) +2%

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