The aggregated price of companies, which activity is associated with solar energy (SunEdison, First Solar and SunPower Corporation) decreased by 13.67 percent since 31st October.
The main reason of the price drop were disappointing financial results for the third quarter. First Solar and SunEdison didn't meet traders expectations. Moreover, First Solar announced that it's not able to form a separate unit to buy its power plants, so the stock price decreased by 11% the same day.
The market capitalization of each company doesn't exceed $5 billion significantly. The P/E ratio of SunPower Corporation equals 34.5, First Solars equals 11.54 and SunEdisons -4.76. The P/BV ratio of SunEdisons exceeds 13. The value of this indicator for First Solar equals 1.09, for SunPower Corporation equals 2.78.
For more fundmental info about the stocks click on the link.
Link to the trend is available here.
Semiconductor - Specialized, Semiconductor - Integrated Circuits, Semiconductor - Broad Line, Electronics Wholesale
Trend Strength: *****, Change: -13.67% Trend start: Friday, 2014-10-31 14:00
News and articles:
First Solar FSLR Stock Declined Today After Rival Provided Light Fourth Quarter Guidance
SunPower buys SolarBridge
SunEdison Q3 Loss Wider than Expected, Shares Trend Down
First Solar Misses Earnings on Tough Comparison, View Cut
First Solar stock punished as company dashes ‘yieldco’ hopes