For its third consecutive day, solar stocks (NYSE:TAN) are enjoying a rally.
With help earlier in the week from covering shorts and a prediction for a German solar demand increase in October and November, today’s rally may be coming from bets on who will survive this troubled industry’s shakeout. The U.S. demand and growth looks better than Europe’s but in a recent analysis by Solarbuzz, the outlook has overproduction and price cuts in the near future.
Solar stocks to watch as the industry tries to rebound: First Solar Inc. (NASDAQ:FSLR), Suntech Power Holdings (NYSE:STP), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), LDK Solar Co. (NYSE:LDK), Canadian Solar Inc. (NASDAQ:CSIQ), JA Solar Holdings Co. (NASDAQ:JASO), MEMC Electronic Materials(NYSE:WFR), and GT Solar International Inc. (NASDAQ:SOLR), SunPower Inc (NASDAQ:SPWRA) and Trina Solar Limited (NYSE:TSL).
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Following is some stock price performance information of these companies:
- Claymore/MAC Global Solar Index (NYSE:TAN): The shares recently traded at $3.41, up $0.18, or 5.57%, on the day. The shares have traded in a 52-week range of $2.84 to $9.34 and its market capitalization is $68.73 million. About the company: Guggenheim Solar Energy Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the MAC Global Solar Energy Index.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)