Solar Stocks Killed By SolarCity Whiff

Solar stocks were getting destroyed on Wednesday, led by

's more than 25 percent decline. In fact, SolarCity's stock hit a multi-year low of $18.76 and the last time its shares at traded at these levels was back in April 2013. SolarCity

a better-than-expected fourth quarter print on Tuesday but issued a disappointing outlook. Shares of

were trading lower by more than 6 percent after Wednesday's market open while shares of

were lower by around 5 percent. Nearly every solar stock were trading in the red, but some names saw smaller losses. Shares of

were lower by around 3.50 percent and shares of

were lower by 3.15 percent and

were lower by less than 1 percent.

's stock was trading higher by nearly 5 percent, although the gains could be attributed to an

on Forbes that was published Monday afternoon. The article argued that Chinese officials should place a solar panel on every government-owned property in the country.