Solar energy stocks see sun rising

It took a couple of days but it seems that today the market has finally started to digest the supreme court ruling that greenhouse gases appearing to fall under the Clean Air Act. While most in Wall Street were first concerned about the adverse ramifications this ruling could have on energy stocks, slowly, its positive impact on alternative energy companies became apparent.

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.