The Bear and the Bull in Solar Energy
Bears and Bulls are present in everyday markets, and in Solar Stocks this is no different.Today we have two very good examples of raging Bulls and drowning Bears in the small Solar energy sector.
Chinese solar energy company Suntech Power Holdings Co. Ltd. said Monday it signed a deal with Sunlight Group Inc. to buy silicon wafers over a five-year period.
With rising profits this year, and reaching new relative highs today, Sun Tech Power(STP) is the top performer of the solar energy group:
DSTI has recently come under a lot of selling pressure with some of its investors backing off, and even a recent funding wasn't well received by the investors.
Castlerigg Master Investments Ltd., an offshore investment fund, gave Daystar $15 million in May, in exchange for a senior convertible note.
DSTI is going for its 2nd consecutive losing week.
DayStar is still looking for additional funding as it seeks to ramp up its manufacturing capabilities.
Better days might come to Daystar Technologies, but in the short-term, this stock is still a sell.
posted by IntoBlogs at
8:29 PM
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