Market Overview

Solar Sector On Fire as Traders Getting More Optimistic

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The Guggenheim Solar ETF (NYSE: TAN) is up more than 6.5 percent Thursday afternoon.

Elsewhere in the sector:

  • First Solar (NASDAQ: FSLR) - up 5 percent
  • Canadian Solar (NASDAQ: CSIQ) - up 13 percent
  • SolarCity (NASDAQ: SCTY) - up 6 percent
  • SunPower (NASDAQ: SPWR) - up 6.6 percent
  • JinkoSolar (NYSE: JKS) - up 7.4 percent
  • Trina Solar (NYSE: TSL) - up 9 percent
  • Yingli (NYSE: YGE) - up 22 percent
  • ReneSola (NYSE: SOL) - up 11 percent
  • Hanwha (NASDAQ: HSOL) - up 16 percent
  • China Sunergy (NASDAQ: CSUN) - up 12 percent

Investors are responding to a number of factors Thursday morning following the New Years holiday break:

  • news Solar World Industries America has applied to US Commerce Department, ITC for anti-dumping, anti-subsidy probes into solar-battery products imported from China, Taiwan;
  • a deal between Canadian Solar and TransCanada which will create TransCanada's fourth solar facility;
  • the first auction of solar sites in Brazil, totaling around $250 million; and
  • a report suggesting polysilicon spot prices are now at a 15-month high.

Posted-In: News Commodities Global Markets Movers

 

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