A Boost For Solar Stocks: The Weakening Dollar
Many of the downgrades and earnings misses in the solar names over the past several months have come in part due to the strengthening dollar as much of the sales for these companies are denominated in Euros. Barron’s is reporting that Barclay’s Capital analyst Vishal Shah says First Solar (FSLR), SunPower (SPWRA/SPWRB) and the Chinese solar companies stand to benefit the most. A continued weakening of the dollar along with an Obama presidency certainly could be the ultimate neutralizer for some of these solar names as they contend with tight credit conditions and a poor global economy.
Tags: barclay capital, Barrons, dollar, euro, first solar, fslr, spwra, spwrb, sunpower, vishal shah
No comments yet.
Leave a comment