solar stocks

Solar stocks are rising as a result of growing fears around Japan's nuclear crisis.

On Monday morning, traders were betting that solar power would surge in demand as a result of nuclear fears.  As a result, industry leader, First Solar (Nasdaq: FSLR) has seen its shares increase 4.64%. 

Solar stocks are showing signs of life today after another drubbing yesterday. Both the EnergyBoom E•B Solar sub-index and the Claymore/MAC Global Solar Index ETF fell more than 4 percent yesterday.

Only a couple of solar stocks escaped yesterday’s downer, however it is worth noting that there has been a significant divide -- as in continental divide -- over the past year in the performance of the Chinese-based companies versus the U.S. and Euro-based companies.

When the stock market was declining through mid and late 2008 and early 2009, great buying opportunities were everywhere. But who knew the bottom would be the first week of March 2009.

If you dallied a week, you missed 10% of the recovery. So nearly everybody missed the bottom.

Solar stocks slumped in a big way today.

 

For example, LDK Solar Co. Ltd. (NYSE:LDK) saw its stocks drop 18% after the company posted a larger than expected quarterly loss. 

Often overshadowed by construction-happy Dubai, its extravagant, cosmopolitan and pretentious cousin, Abu Dhabi is a laid-back Persian Gulf city with ambitions of its own: to reinvent itself as a center for clean energy, an unlikely goal for a place fueled by petrodollars.

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