Solar stocks have been weak of late with many selling off from recent 52 week highs while the market has pushed higher. Stocks like Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF), JA Solar Holdings Co., Ltd. (NASDAQ:JASO) and SunPower Corporation (NASDAQ:SPWRA) are all dramatically down from their 2010 highs. However, there seems to be a small shift going on, as money flow is beginning to move towards them at these discounted levels. JASO and SOLF are both beginning to move off their base levels after sometime. The sentiment may be on the verge of changing in the short run for a move higher. The key factor for the solar stocks is oil. Oil has moved sharply higher in recent weeks and as it heads towards $100, alternate energy will become a much more viable option.
Gareth Soloway
InTheMoneyStocks.com
