Why Solar Stocks Are Down 10% or More Today
After a three-day run higher, stock markets turned south on Friday. In early afternoon trading, the S&P 500, the Dow, and Nasdaq are all reading 3% lower...or worse.
If you have the bad fortune to own solar stocks today, you're getting hurt even more. As of 12:30 p.m. EDT, the stock of solar module maker Canadian Solar (NASDAQ: CSIQ) is down 10.5%. Shares of solar installers Vivint Solar (NYSE: VSLR) and Sunrun (NASDAQ: RUN) are down 11.4% and 12%, respectively. Panel producer and solar power plant developer SunPower (NASDAQ: SPWR) is hurting worst of all, down 13.8%.
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Source Fool.com
