Solar stock prices were down Friday after OPEC members on Thursday opted to keep their production ceiling unchanged despite plunging oil prices. First Solar (FSLR) stock was down 5% near 49 in midday trading on the stock market today. SolarCity (SCTY) was down 3% near 55; SunEdison (SUNE) was down 5% near 21; and SunPower (SPWR) was down 4% near 28. Canadian Solar (CSIQ)was down 11% near 24. The Guggenheim Solar ETF (TAN) was down 5% near 36.
Trina Solar (TSL) early Monday posted a double-digit increase in revenue that nevertheless missed Wall Street expectations, while lowering its full-year solar module shipment forecast. Trina Solar was down 6% in midday trading in the stock market today, near 10. Few other major solar firms were down, however, and IBD’s 20-company Solar-Energy industry group was up 1.5%. Industry leader First Solar (FSLR) was up 1.5% midday Monday. Trina lowered
SunPower announced Monday that it has acquired microinverter manufacturer SolarBridge Technologies. San Jose, Calif.-based SunPower (SPWR) builds utility-scale solar projects and is the No. 2 manufacturer of solar panels in the U.S., behind First Solar (FSLR). SunPower makes solar photovoltaic panels that generate direct current (DC), so it will use SolarBridge’s inverter technology to convert DC into alternating current (AC) power. SolarBridge,