Oil ‘Contagion’ Tars Solar Stocks; Sell-Off Overdone?

By | December 3, 2014

Scalper1 News

Solar power stocks have been unfairly punished by plummeting oil prices, say Morgan Stanley and Deutsche Bank analysts. Stephen Byrd, a Morgan Stanley analyst, has buy recommendations on SunEdison (SUNE), NRG Yield (NYLD) and Abengoa Yield (ABY). Vishal Shah, an analyst at Deutsche Bank, remains a buyer of SunEdison, Trina Solar (TSL), SolarCity (SCTY) and SunPower (SPWR). IBD’s Energy-solar group is ranked No. 189 out of 197 industry sectors. The Scalper1 News

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