Solar Stocks Show No Shine: CSIQ, HSOL, FSLR, SPWRA

Whether the markets surge up or down, the solar stocks continue to suffer. One would think the sun vanished off the face of the earth forever by the stock performance in this sector. Today, new 52 week lows are being tagged by companies like Canadian Solar Inc. (NASDAQ:CSIQ) and Hanwha Solarone Co Ltd (NASDAQ:HSOL). Other solar stocks are near their 52 week lows, selling off again today.  First Solar, Inc. (NASDAQ:FSLR) and SunPower Corporation (NASDAQ:SPWRA) are two large players that are seeing red. SunPower is trading at $7.18, -0.70 (-8.88%).

Investors are constantly asking when the bottom will be in on the solar industry. To make a  bottom a few things must happen first. Oil must surge through $100.00 a barrel. Second, the weak hands must be flushed out of existence. This already happened to some players like Solyndra. This bankruptcy was famous due to the massive amount of government money it received.

Overall, the solar sector is nearing its bottom. The bearish sentiment is at all time highs. When looking for long plays, watch for oil to surge higher. In addition, stick with best of breed companies. The largest of the group should survive and when margins start coming back, profits will be big.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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