Better Buy: Plug Power vs. Canadian Solar
Hardly any sectors of the stock market have brought joy to investors in recent weeks, but the renewable energy industry has been particularly grim. The NASDAQ Clean Edge Green Energy Index dropped 23.4% in March, compared to a 12.5% decline in the S&P 500.
That's been bad news for solar companies like Canadian Solar (NASDAQ: CSIQ) and hydrogen fuel cell companies like Plug Power (NASDAQ: PLUG). Both saw shares plunge by about 20% last month. But that could be a chance to buy in. Let's dig a little deeper to see which of these underperforming renewable stocks looks like the better buy.
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Source Fool.com
