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Solar Stocks Plummet Despite Obama Victory
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"With Obama as President-elect, solar stock prices must be sky high at the moment, right? Wrong. If you look at the values of most stocks around election day, they did increase. This peak was short lived however for most solar companies and it was followed by a huge decline."




Written by Sarah Lozanova
Published on November 13th, 2008



Just how steep are we talking?

Akeena Solar

(NASDAQ:AKNS) is a large US-based solar installers for residential and commercial systems in California, New Jersey, New York, and Connecticut. Their stock was valued at nearly $17 at the beginning of the year and is now just above $2.

Ascent Solar

(NASDAQ:ASTI) is based in Colorado and produces high efficiency, thin film solar products. They saw stock prices rise to over $25 a share at the beginning of the year, but are currently under $4.

» Read more on alternative energy
» See peer reviews of Renewable Energy Options at Green Home
Evergreen Solar

(NASDAQ:ESLR) is an American company that develops and manufactures solar modules and cells primarily to Europe and the US. It had stock valued at $18 at the beginning of the year and is now just above $3.

First Solar

(NASDAQ:FSLR) is an American company specializing in large-scale solar power plants with thin film solar cells. Their stock prices were $300 in May and are currently just over $100.

JA Solar Holdings Ltd.

(NASDAQ: JASO) is a Chinese monocrystaline solar cell manufacturer that distributes its product through China, South Korea, the US, Germany, Sweden, and Spain. Its stock dropped from $27 this spring to less than $3. Stocks declined by 29% yesterday alone.

SunPower Corporation

(NASDAQ: SPWRA) is a manufacturer of solar cells, solar panels, and roof tiles. Stock prices reached as high as $130 at the beginning of the year and are currently around $25.

Suntech Power

(NYSE:STP) is the world’s largest producer of solar panels and has four manufacturing centers in China. Stock prices reached $90 in January and are now around $10.

Yingli Solar

(NASDAQ:YGE) is based in China and manufactures solar ingots, cells and modules. Stock prices were as high as $40 in January, 2008 and now hover around $4. - more
Posted on: Nov. 14, 2008 11:49am,UTC
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