NewEnergyNews More: Why The Solar Stock Flip-Flop

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  • Monday, September 4, 2017

    Why The Solar Stock Flip-Flop

    Solar energy stocks tanked today, but don't blame the total eclipse, analysts say

    Tom DiChristopher, 21 August 2017 (CNBC)

    “Solar energy stocks mostly dropped [with increased trading volume during the eclipse] but analysts say this is likely a case of correlation, not causation…[V]olume in the broader market was relatively low…Jinkosolar — a maker of solar cells, panels and mounting systems — fell 10 percent. Canadian Solar was also down nearly 10 percent…The Guggenheim Solar exchange-traded fund was down 2.3 percent...[It is more likely the start of a trade case] that threatens to slap imported solar panels with new tariffs, analysts said…[A petition to federal authorities from U.S. solar panel makers Suniva and World Solar asked for] protection from low-cost panels made overseas…New tariffs would benefit U.S.-based solar panel makers but could hurt the companies that install them and the utilities that draw power from them, as higher prices for the panels crimp demand…” click here for more

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