First Solar Leading Solar Stock Rally

Today, the Solar Energy Industries Association reported that solar capacity grew by 17% in 2008, which is good (but old) news. The president of the group also said that solar wasn't immune to the downturn--which is also old news. Solar companies have been turning in crappy quarters left and right lately.

It doesn't seem to matter today. First Solar (FSLR) is up $5 at this point, Solar ETF TAN is up 7% and SunPower (SPWRA) and JA Solar (JASO) are both up 10%.

The pop could be driven by a rumor we heard on Fast Money last night that First Solar might be added to the S&P 500.

Labels: First Solar Inc, FSLR, JASO, solar, solarstocks, SPWR, TAN

posted by Ertai at 1:05 PM