U.S. solar stocks spiked Monday after Goldman Sachs analysts predicted the U.S. rooftop solar panel market to grow by approximately 45.0 percent in 2014. Lee has upgraded SolarCity Corp. rating to "buy" from "neutral" and has also placed the company on Goldman Sachs' "conviction buy" list. First Solar received a downgrade to "sell" from "buy" due to its lack of exposure to the rapidly expanding rooftop solar panel market. Additionally, Lee maintained a "buy" rating on SunEdison Inc.
First Solar, Inc. (NASDAQ: FSLR) shares traded in the range of $51.01 to $54.63 Monday before settling to close at $51.26, a decrease of 9.66 percent. The stock appears to be facing some resistance at the $55.01 and $57.33 levels with some support at $50.03. Shares of First Solar have gained approximately 50.0 percent in the past year.
More information on First Solar and access to the free equity report can be found at:
Real Goods Solar, Inc. (NASDAQ: RSOL) shares traded in the range of $3.37 to $3.60 Monday before settling to close at $3.45, an increase of 2.99 percent. The stock appears to be facing some resistance at the $4.10 and $4.20 levels with some support at $3.29. Shares of Real Goods Solar have gained approximately 270.0 percent in the past year.
More information on Real Goods Solar and access to the free equity report can be found at:
SolarCity Corp. (NASDAQ: SCTY) shares traded in the range of $63.04 to $67.14 Monday before settling to close at $63.61, an increase of 7.32 percent. The stock appears to have some support at the $62.76, $57.88 and $55.95 levels. Shares of SolarCity have gained approximately 340.0 percent in the past year.
More information on SolarCity and access to the free equity report can be found at:
Sunedison Inc. (NYSE: SUNE) shares traded in the range of $13.99 to $14.71 Monday before settling to close at $14.01, a decrease of 0.28 percent. The stock appears to be facing some resistance at $16.60 with some support at the $13.37 and $12.29 levels. Shares of Sunedison have gained approximately 280.0 percent in the past year.
More information on Sunedison and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Leave a comment...