Solar Technology Market News

In the News:

Solar Companies Rise

NEW YORK (AP) - Shares of solar companies rose in Monday afternoon trading as an analyst predicted future gains for the industry, now that Democrats have taken control of both houses in the next Congress.

"With a new democratically controlled Congress, we believe the solar industry has a better chance than ever to pass an extension and expansion of the federal solar investment tax credit,"

Read the rest here.

Financial Nirvana does some regular posts about Solar stocks.
They make a weekly comparison between Oil and Solar Stocks you can check it out:
Solar Stock Week-over-Week Price change vis-a-vis Oil Price - Week Ending November 12, 2006

Democrats victory has turned the attention back to the Alternavtive energy sector. Solar stocks were up this week despite Crude Oil closing the week up 1.33%. The failure of Proposition 87 (pdf) in California didn’t cause a downturn either.

We saw a strong debut by Canadian Solar Inc. (Nasdaq: CSIQ) this week but all the gains were given back by Friday’s close. Canadian Solar IPO took place on Thursday at $15/share. The stock went up all the way to 16.73 but closed Friday at $15.08 near its offering price. I wrote about Canadian Solar Inc. (Nasdaq: CSIQ) IPO here. Let’s see what happens with Canadian Solar in coming weeks.

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posted by IntoBlogs at 9:19 PM