VOLUME SPIKE: Solar Stocks (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)

Posted in General, pre-market 
January 6th, 2009

We are seeing a sharp rise in the volume of solar power stocks this morning.  Unfortunately, it is to the downside despite some peers holding up on the news.  LDK Solar Co. (NYSE: LDK) issued a warning for Q4 and for 2009 revenues and margins, and you can see the full description of their warning.  LDK shares are down 10% at $13.28 in pre-market trading on about 98,000 shares traded as of 9:01 AM EST.  Here is how peers are trading this morning:

  • Shares of First Solar Inc. (NASDAQ: FSLR) are actually UP marginally at $158.00 on about 25,000 shares.
  • Canadian Solar Inc. (NASDAQ: CSIQ) is now up 0.4% at $7.07 on about 4,200 shares.
  • JA Solar Holdings Co. (NASDAQ: JASO) shares are down almost 3% at $4.95 on 51,000 shares.
  • Evergreen Solar Inc. (NASDAQ: ESLR) is down 0.5% at $3.58 on 31,000 shares.
  • Solarfun Power Holdings (NASDAQ: SOLF) is down almost 1% at $6.05 on 14,000 shares.

Jon C. Ogg
January 6, 2009

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