Solar Stocks falling along with oil prices

Today, Suntech Power Holdings (STP), had one of the biggest one day correction moves, along with the whole solar stock sector going down, mainly because of the falling price of oil.
Daystar Tech (DSTI) continues further into the red, with no good news in sight, this should be the solar energy stock everyone should avoid.



As the price of oil goes down, solar energy becomes less competitive, and therefore the solar energy group does tend to move according to the performance of fossil fuels.

The losses for today:

STP -3.8%
SPWR -1.2%
CSIQ -3.4%
DSTI -16.56%

On the other hand, some stocks actually did perform as good as the semis sector:

ENER +5,14%
HOKU +4,33%

Meanwhile, R&D Magazine featured CIGS solar technology as one hot technology for 2007, you can read the article here

... the limited supply and high cost of polysilicon, which is used by 90% of PV solar cell manufacturers.
The good news is there have been major technical break-throughs made in thin-film PVs eliminating the need for polysilicon altogether. ...

Labels: CIGS, CSIQ, DSTI, ENER, HOKU, SPWR, STP

posted by IntoBlogs at 4:04 PM