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Is it Too Late to Buy Solar Stocks?

Published 10/09/2020, 08:38 AM
Updated 07/09/2023, 06:31 AM

Solar stocks have been burning bright the last few months. The NASDAQ OMX Solar Index is a sub sector index of the Green Economy Index. It is designed to track companies that produce energy through solar power. The Index is up from 1,000 to 2,300. Coming off the COVID lows, several stocks have more than doubled. Canadian Solar (NASDAQ:CSIQ) CSIQ, First Solar (NASDAQ:FSLR) FSLR and SunPower (NASDAQ:SPWR) SPWR are among the big winners. The Solar Industry ranks in the Top 48% of our Zacks Industry Rank. Among the three, SunPower is the only Zacks Rank #1 (Strong Buy). SunPower has run from $2.64 to over $17 since March.

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Canadian Solar Inc. (CSIQ): Free Stock Analysis Report

First Solar, Inc. (FSLR): Free Stock Analysis Report

SunPower Corporation (SPWR): Free Stock Analysis Report

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