SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics of Energy

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Brumar89
To: Brumar89 who wrote (66800)10/27/2015 4:05:59 PM
From: FJB1 Recommendation   of 86350
 
Energy is cheap and plentiful! Hooray...

Solar stocks down sharply as energy stocks, oil/gas prices fall

  • Solar stocks are getting hit hard ( TAN -4.7%) as U.S. natural gas falls below $2/MMBtu for the first time since April 2012, WTI crude drops 1.8% to $43.19/barrel, and coal miners Consol Energy and Peabody Energy post disappointing earnings. Many energy stocks are also selling off.
  • Beaten-down SunEdison ( SUNE -10.4%) is among the biggest solar decliners. As are microinverter maker Enphase ( ENPH -12.3%) and inverter/power optimizer maker SolarEdge ( SEDG -8.3%). SunEdison is within $0.50 of a 52-week low of $6.56, and Enphase within $0.20 of a 52-week low of $3.42.
  • Other decliners include SunEdison YieldCos TerraForm Power ( TERP -6.2%) and TerraForm Global ( GLBL -3.7%), SunEdison acquisition target Vivint ( VSLR -5.5%), and Canadian Solar ( CSIQ -4.8%), which yesterday jumped thanks to a Q3 guidance hike.
  • Also on the casualty list are First Solar ( FSLR -2.9%), SunPower ( SPWR -3.9%), Yingli ( YGE -6%), China Sunergy ( CSUN -8.2%), and JinkoSolar ( JKS -3.9%). SunPower's Q3 report arrives tomorrow, and First Solar's on Thursday.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext