|Day Low/High||7.51 / 7.83|
|52 Wk Low/High||4.55 / 16.04|
These names are showing bullish or bearish reversal patterns that occurred over the past week.
Shares of SunPower are down 70% over the past 12 months and on Wednesday, reported a deeper than expected loss of $0.64 a share, while analysts had expected $0.46.
These stocks can rally, but without much of a base pattern, I cannot get too excited about the upside right now.
A long period of base building lies ahead for this solar energy name.
By mid-century, solar energy is expected to produce more than 15% of the world's electricity.
Shares of these companies have been value destroyers
Stocks close at session highs on Wednesday afternoon as financial, energy and health care stocks took the lead.
As we all know, the stock market and the economy abhor uncertainty.
U.S. stocks edged back from records highs set last week as resurfacing supply worries took a chunk out of crude prices.
I'm not inclined to make market calls, but the action on my screen is pushing me to a defensive stance.
The direct correlation between oil prices and solar stocks is typically highest when oil is making short, abrupt moves and that is what the market is witnessing now.
Dan Dicker, energy contributor for thestreet.com, talks with Rhonda Schaffler about the outlook for solar stocks in the coming year.
With the Fed out of the way, look for traders to be active into the end of the year.
Netflix (NFLX) rose to all-new highs Wednesday after a shout out in Disney's (DIS) conference call.
Swelling supply would hurt companies that thrive when oil prices are booming.
While there are several different types of solar stocks, Dan Dicker, Energy contributor at TheStreet.com, maintains that they all are beholden to the prices of fossil fuels.