Solar stocks fall as analyst say exposure to silicon prices, Spanish market could hurt
Solar stocks fell Wednesday as analysts said solar cell makers with heavy exposure to silicon prices or the Spanish market could be at risk.Calyon Securities analyst George Kotzias said in a client note that so-called thin-film technology stands to gain on silicon -- long the key ingredient in solar cells -- because thin-film technology is less expensive than silicon....
...Meanwhile, Lehman Brothers analyst Vishal Shah said in a client note Tuesday that companies with high exposure to the Spanish market could be hurt if authorities follow Germany's lead and cut subsidies, potentially reducing demand....
Yahoo had another of their handy tables:
CSIQ CSUN ESLR FCEL FSLR HOKU JASO LDK SOLF SPWR STP TSL YGE | 38.30 11.59 9.74 9.46 242.88 7.36 20.16 42.63 21.25 78.52 38.96 45.24 18.97 | -1.42 -0.39 -0.19 +0.05 -14.44 -0.20 -0.65 -1.81 -0.51 -0.67 -1.45 +0.22 -1.36 |
The only uptick on the list is TSL (not sure why Fuel Cell was included) although it is down aftermarket.
Our other favorite, ENER, was down $0.27 and is up $0.30 afterhours.
