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.
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
