This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Solar Winners: First Solar, Trina, Yingli

Aaron Chew, an analyst at Maxim Group, summed up the solar rally by noting that it's a sector that has always traded on sentiment. Macroeconomic sentiment has been high, solar stocks are high beta plays, and on Thursday, there was positive news specific to the sector to add to the recent bounce in solar stocks. Solar stocks have also been heavily shorted over the past few months.

"My take there is no need for an academic exercise trying to find a connection between incremental earnings confidence and market cap gains. It's more generally positive sentiment in solar with two of the largest players locking up 10%+ of their 2H11 volumes and FSLR landing $4.5 billion in loan guarantees. With the high short interest, there's no need to be precise about this ping-pong madness."

Yingli Green Energy shares were up by 7% on Thursday.

Trina Solar shares rose by 3.5%, which was a typical gain in the solar sector on Thursday.

-- Written by Eric Rosenbaum from New York.


>To contact the writer of this article, click here: Eric Rosenbaum.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
FSLR $63.43 0.00%
TSL $12.58 0.00%
YGE $1.90 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs