Tag Archives: scty

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

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

Solar Stocks Dim As OPEC Sticks To Production Levels

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.

Solar Stocks Dim As OPEC Sticks To Output Levels

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.