Solar Stocks Back On The Upswing

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09:52:02 am on October 14, 2008

With all the concerns being voiced about the possible impact of the credit crisis on the solar power market, it’s nice to have some good news to report. The stock market as a whole rallied a little bit yesterday, but according to Eric Savitz of Barron’s Tech  Trader Daily, solar stocks in particular were "dramatically outperforming"  the market as a whole. Many of the major solar players saw their share prices rise with double-digit gains yesterday. From Tech Trader Daily, here are some examples,

  • First Solar (FSLR): Up $18.86, or 16.1%, to $136.31.
  • Evergreen Solar (ESLR): Up 54 cents, or 15.7%, or $3.98.
  • Energy Conversion Devices (ENER): Up $5.75, or 16%, to $41.75.
  • Solarfun (SOLF): Up 95 cents, or 15.5%, or $7.08.
  • GT Solar (SOLR): Up 77 cents, or 13.5%, to $6.49.
  • Canadian Solar (CSIQ): Up $1.78, or 14%, to $14.47.
  • SunPower (SPWRA): Up $6.56, or 15.3%, to $49.57.
  • Suntech (STP): Up $4.73, or 21.6%, to $26.63.
  • MEMC (WFR): Up $2.29, or 10.4%, to $24.29.
  • JA Solar (JASO): Up $1.02, or 15.9%, to $7.45.
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