Solar stocks up big; SunEdison leads pack on Einhorn disclosure

Solar stocks are among the biggest winners (TAN +5.2%) on a good day for momentum stocks.

SunEdison (SUNE +11.6%) is leading the pack after David Einhorn disclosed he has added to the position he started in Q4, and predicted lower solar costs and rising electricity prices should make the company a "winner." Einhorn is less crazy about tech momentum plays in general.

Meanwhile, Canadian Solar is benefiting from a Japanese module deal, and SunPower (SPWR +6.5%) and SolarCity (SCTY +6.4%) are getting a lift from a Goldman note calling the companies its two best solar ideas. SunPower reports on Thursday.

Other notable gainers: YGE +7.9%. DQ +9.2%. JKS +7.4%. SOL +6.8%. HSOL +6.7%. ENPH +6.2%. JASO +4.5%.

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Comments (3)
  • smolloy1010
    , contributor
    Comments (20) | Send Message
    SolarCity is headed back to 90 post earnings. You've only a few weeks to jump on this train.
    22 Apr 2014, 04:12 PM Reply Like
  • squashjohn
    , contributor
    Comments (33) | Send Message
    Einhorn discloses a position from Q4 in SUNE.. Which means he got it for under $10 probably. Idiot retail investors pile in today & chase it up to $20. even worse Einhorn discloses in same note that his company is 'short' some momentum plays in tech. This kind of irrational market behaviour/ buying is a clear indication for this investor it's time to be cautious.. I like SCTY & SPWR, let's see how earnings are. A nice rip upwards & then time to catch some breath end of May again I reckon..
    22 Apr 2014, 06:51 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7209) | Send Message
    Long (SPWR), but how come (SCTY) went up but (RGSE) went down?
    22 Apr 2014, 07:59 PM Reply Like
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