Solar Stocks Post Another Profitable Week Led By Recent IPO First Solar

Key highlights from solar stocks performance last week:

- First Solar Inc. (Nasdaq: FSLR) leads the way again. The stock is up 38.75% since its IPO.
- Suntech Power Holdings (NYSE: STP) also had a good week as the stock closed the week up almost 7%. Suntech Power is seeing a lot of positive news lately. See my article from earlier this week on Suntech Power for more on STP.
- Canadian Solar (Nasdaq: CSIQ) is hanging around its IPO price of $15. It was the only Solar stock to close the week in red.
- Needham & Co initiated coverage on Evergreen Solar (Nasdaq: ESLR) with a ‘Buy’ rating and a price target of $12.

Disclosure: I am long STP and ESLR.