Monday, September 28, 2015

Solar Stocks Getting Crushed

It started with the Chinese names, Trina down 10.1%; Canadian Solar, name notwithstanding, down 8.8%, ReneSola down 5%.

Then the U.S. market opened and we have SunEdison down 17.1%  yieldco 8point3 Energy Partners LP down 7.1%, First Solar down 5.8% and their partner in 8point3, SunPower, down 8.45%.

The Guggenheim Solar ETF  has made fresh 52-week lows and is cut in half this year.

On no news.

Here's last Thursday's story at Bloomberg:
China's Solar Power Analysts Can't Agree Why Shares Are Plunging