Solar Stocks Rocket Higher as News from Top Players Turning Positive

The solar sector has been sitting back and soaking up the rays recently as analysts and companies have had nothing but good things to say. The sector, as measured by the Claymore Global Solar ETF (NYSE: TAN), is up nearly 5 percent Friday morning.

The group is getting legs from a number of positive individual news items this morning.

• Sunpower (Nasdaq: SPWR) posted stronger than expected Q4 earnings last night following the closing bell. The stock is up 19.5 percent at last check.
  
• Suntech (NYSE: STP) offered solid preliminary Q4 results and revised shipment guidance. Shares up 11.3 percent.
  
• Collins Stewart believes things have turned around for First Solar (Nasdaq: FSLR) in regards to its Antelope Valley Solar Ranch project. The stock is up 8 percent.

Around the sector:

• Canadian Solar (Nasdaq: CSIQ) up 15.5 percent
  
• Hanwha Solarone (Nasdaq: HSOL) 11.5 percent
  
• ReneSola (NYSE: SOL) up 8.5 percent
  
• Jinko Solar (NYSE: JKS) up 7.9 percent
  
• JA Solar (Nasdaq: JASO) up 7 percent
  
• Yingli (NYSE: YGE) up 7.1 percent
  
• Trina (NYSE: TSL) up 7.6 percent

The solar industry has been moving higher over the past few months as reports stronger demand from Asia is expected to offset the missing demand from Europe. The TAN ETF is up more than 26 percent year to date.

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