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: www.WallStreetFundamentals.com/FSLR
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: www.WallStreetFundamentals.com/RSOL
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: www.WallStreetFundamentals.com/SCTY
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: www.WallStreetFundamentals.com/SUNE
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