Tuesday, March 15, 2011

Nuclear Fears Push Up LDK Solar (LDK) (FSLR) (JASO) (JKS) (STP)

Shares of First Solar (NASDAQ:FSLR), Suntech Power Holdings (NYSE:STP), Yingli Green Energy (NYSE:YGE), Trina Solar (NYSE:TSL), GT Solar International (NASDAQ:SOLR), Ascent Solar Technologies (NASDAQ:ASTI), JA Solar (NASDAQ:JASO), LDK Solar (LDK) and Jinko Solar (NYSE:JKS), along with the majority of solar company stocks, skyrocketed Monday on uncertainties surrounding the nuclear industry, as fears of a nuclear meltdown in Japan clouded the future of nuclear in the minds of some people.

While it's unlikely to go nowhere, it does give some ammunition for options traders for calls and puts as solar stocks do an ebb and flow during the week, depending on what news is currently coming out of Japan.

Solar itself is an unsustainable industry, and is questionable because of costs and inability to operate at a profit outside of government subsidies.

JinkoSolar closed Monday at $24.82, up $2.21, or 9.77 percent. First Solar soared to $146.91, jumping $7.17, or 5.13 percent. Suntech closed at $8.28, up $0.24, or 2.99 percent. Yingli closed at $11.26, rising $0.76, or 7.24 percent. Trina Solar closed at $26.00, up $1.77, or 7.30 percent. LDK closed at $11.58, up $0.94, or 8.83 percent. JA Solar closed the session at $6.69, gaining $0.38, or 6.02 percent.

1 comment:

Anonymous said...

who writes this crap? it's so inaccurate as to be laughable. How do you get on Google news?