Solar Stocks Week-in-Review: Solar Issues Follow Crude Lower

|
Includes: CSIQ, DSTI, ENER, ESLRQ, FSLR, HOKUQ, PBW, SPIR, SPWR, STP, SUNEQ
by: Himanshu Pandya

Well, are you really surprised? With oil prices collapsing last week, it was pretty obvious that Solar stocks would take a hit. That’s exactly what happened as only MEMC Electronics (WFR) closed the week up.

I don’t follow Daystar Technologies (NASDAQ:DSTI) but the stock made a new 52-week low this week of $2.42 and closed the week down about 34%. This was obviously not Crude Oil price decline related.

Disclosure: I am long STP and ESLR and short FSLR.

solar weekly

solar week over week