True, no regulatory action has been taken yet, but the ruling, combined with recent Green trends point to that direction and solar energy stocks stand to gain from. Today, indeed, many solar energy stocks are rising 2.5-5% (3:30 p.m.). Specifically, SunPower Corp. (NASDAQ: SPWR) is up 5.01% to $49.49, Evergreen Solar, Inc. (NASDAQ: ESLR) is up 4.71% to $10.67 and Trina Solar Ltd. (NYSE: TSL) is up 4.32% to $49.24.
Eric Buscemi thinks SunPower could be a great bargain buy, despite its silicon supply problems.
Last week, I wrote extensively on Trina and Suntech Power Holdings Co., Ltd. (NYSE: STP). While Trina has been phenomenal since its IPO in late December, there could still be some juice left in it. STP, up 2.72% to $35.94 today, is more solid and less volatile, but could still give great returns. Investors prefer SunPower over Suntech at the moment though.
As you can see in the chart, JA Solar Holdings ADS (NASDAQ: JASO), First Solar Inc. (NASDAQ: FSLR) and Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF) shares also performed well today gaining 3.09%, 2.69% and 0.97% respectively.
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