Shall we revert back to Solar Panels
Yowzers!! Yesterday was huge day for many solar and semi-conductor Stocks. Canadian Solar (CSIQ) helped spark the magic.
CSIQ not just beat Wall Street’s expectations, but they doubled them! To make things even better, the company is expecting a strong second quarter. On the day, the stock jumped 19% or nearly 7 points.
The stock alone has been on a rampage for the year, with the current 52 week low around $5 and high up in the $40’s. Perhaps proving that the solar play isn’t dying down as many believed.
The Big Picture
Could the solar and semi-conductor play be back??? The great earnings report triggered an event of numerous stocks surging, and on a day when the Markets saw basically nothing.
The brief downtime these stocks experience seemed to have made some set-ups for great profits.
First Solar - FSLR
JA Solar Holdings Co. - JASO
Suntech Power Holdings - STP
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