Solar Stock IPO performance

2006 marked the beginning of a significant grow in solar IPO's, with important financial resources coming into the solar industry which will allow it to continue its recent robust growth.

With today's market close we can check the most recent IPO's performance, with now public companies, like Trina Solar (NYSE: TSL) and Solarfun (Nasdaq: SOLF), completing more than 1 month since their first trading day.

The star of the day was Canadian Solar Inc. (Nasdaq: CSIQ) with a +9% move, but still negative since its first day of trading, still down around 39%.



Solar Fun (SOLF) has turned positive in the last three sessions and looks better now than in its first day of trading:


Trina Solar (TSL) is close to neutralize its negative performance since the first day of public trading. Seems a well financed company and spending carefully their money.
Maybe the investors will think that too, and the stock might perform better in the next months:


First Solar (FSLR) is in a steady uptrend and should continue to going higher, even if with less volatility than other stocks in the sector:


The recent news involving HOKU company, and other optimistic opinions about the short term future of solar energy, might bring a renewed rally to these new solar stocks.

Labels: CSIQ, FSLR, HOKU, IPOs, SOLF, TSL

posted by IntoBlogs at 8:06 PM