Solar Stocks and ETFs Falling

Solar stocks are often seen as basically leveraged oil stocks. So it is not surprising that the recent development of price of oil is reflected in the solar stocks and exchange traded funds (ETFs).  Today, crude oil falls for the sixth consecutive day , which is the longest losing streak since the December 2008.

The losses are evident in both of the most interesting solar ETFs: Market Vectors Solar Energy (NYSE:KWT) and Claymore/MAC Global Solar Energy (NYSE:TAN). Both have taken losses of around 15 % during the last days.

kwttan

If the price of oil continues to lose, the solar stocks will certainly continue this downward trend during the next days and weeks.

2 comments for “Solar Stocks and ETFs Falling

  1. March 28, 2010 at 11:40 pm

    What theme are you running on this particular website ? I truly want this. Would you publish wherever you acquired it from ?

  2. Editor
    March 29, 2010 at 3:42 pm

    This is a slightly hacked Hamasaki theme. The link can be found at the bottom of the page…

Leave a Reply

Your email address will not be published. Required fields are marked *