The Oil Effect on Solar Stocks

The Oil fell today 4%, and with it, the whole Solar Stocks sector.

The Solar Companies profit from a higher oil price because solar energy becomes more attractive and price-efficient. Lower oil prices have a negative effect in future investment decisions in solar cell buyers and even in government funding for the solar industry.
This relation can be simple but the market reactions are not that clear and/or rational on the short term.

Some solar companies might be more related to the semiconductor sector and because of that avoided a bigger fall.

The negative results for today are:

* Spire Corp. (Nasdaq: SPIR) 0.48%
* SunPower Corp. (Nasdaq: SPWR) -1.76%
* SunTech Power (NYSE: STP) -6.91%
* MEMC Electronics (NYSE: WFR) -0.48%
* Evergreen Solar (Nasdaq: ESLR) -4.59
* Hoku Scientific (Nasdaq: HOKU) -4.52%
* Energy Conv. (Nasdaq: ENER) -2.65%
* Daystar Tech. (Nasdaq: DSTI) 0.86%


Meanwhile, in the news:

SunPower's Powerlight Acquisition: Both Companies Win

Neal Dikeman submits : SunPower Corporation (Nasdaq: SPWR) on Wednesday announced its acquisition of Powerlight, one of the largest solar integrators and installers in the world.

read the rest in SeekingAlpha

posted by IntoBlogs at 8:19 PM