| Solar ETFs and Stocks Fail to Shine During the Week of June 26 | |
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Utilities, Coal, and Solar Stocks Fall the Week of June 26 (Continued from Prior Part) Solar ETFs
The Guggenheim Solar ETF (TAN) dropped 3.8% during the week of June 26. The ETF represents the global solar power industry, with holdings in all major global solar players. An American trio—SunEdison (SUNE), FirstSolar (FSLR), and SolarCity (SCTY)—are the top three holdings of the ETF with weights of 8.4%, 6.4%, and 6.0%, respectively.
All ten solar players on our coverage list fell during the week. The SPDR S&P 500 ETF (SPY) fell 0.5% during the same week.
Biggest losers
American Depository Receipts (or ADRs) of Chinese player Renesola fell 14.2% to $1.45, with a market capitalization of $147 million. Chinese solar PV (photovoltaic) manufacturers are feeling continued heat from the European Union’s anti-dumping decision. Renesola is one of the players with high exposure to Europe.
Canadian Solar (CSIQ) fell 7.9% during the week as the company awaited a crucial anti-dumping ruling by Canada on Chinese solar panels. Although the company is headquartered in Canada, most of its manufacturing activities occur in China, making it vulnerable to this possible ruling. The stock ended the week at $29.75 with a market capitalization of $1.6 billion.
Other ADRs
Ascent Solar Technologies, the only penny stock in our coverage universe, fell 7.8% to 58 cents. The ADRs of China Sunergy (CSUN) fell 5.1% to $2.04, Yingli Green Energy fell 5% to $1.33, and Trina Solar (TSL) ADRs fell 4.8%.
American players
During the week ending June 26, SunPower (SPWR) fell 4.7%, while FirstSolar (FSLR) fell 2.1% and SunEdison (SUNE) fell 0.3%.
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First Solar est une société basée aux Etats-Unis D'Amerique. First Solar est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 18,6 milliards US$ (17,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 11 juin 2010 à 100,19 US$, et son plus haut niveau récent le 26 avril 2024 à 178,73 US$. First Solar possède 104 270 000 actions en circulation. |