"Solar energy" is a hot search topic as many investors and consumers look to solar stocks as a less risky alternative in the wake of the nuclear crisis in Japan and higher oil prices due to the turmoil in the Middle East. "Despite the earnings and price target downgrades, solar stocks still have significant upside potential and investors can benefit from these stocks," Karvy Global Research said in a recent article on TheStreet.
Shares of FirstSolar ( FSLR - Get Report) are up more than 15% in the past year, while silicon solar cells maker SunPower ( SPWRA) has seen its stock rise 28% over the past year.
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