19 Sep '13, 3pm

Solar Stocks Are Taking Off — Will They Keep It Up?

Solar Stocks Are Taking Off — Will They Keep It Up?

These returns are taken from a broad list of about 60 publically traded companies in the solar industry (chart at right). Though all are involved in solar, solar may not be the primary business of many of these companies. For example, Panasonic (PCRFY) produces photovoltaics, but it is only a small part of the company’s much larger consumer product focus. To get a better sense of what is occurring in the mainstay of solar stocks, 16 companies whose primary business is solar were analyzed. In order to weed out the most speculative players, only companies with over $50 million in annual sales were included. As can be seen in the chart at right, these pure play solar stocks have performed spectacularly. On average they are up 164 percent for the year, and 41 percent for the past three months (SolarCity (SCTY) has only been trading since December 2012, so annual gains are show...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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