Stocks In Focus - 11/04/08

Tuesday November 4, 2008
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The possibility that Barack Obama could win the election is giving a boost to the stock market in general, but solar stocks are having a field day.

The group is rising on the theory that an Obama presidency would be more favorable to the solar industry, which is dependent on clean energy tax breaks from congress to encourage end users  to invest in solar.

Some of the movers within the group are Solarfun (SOLF) - $9.25 +$1.01, Yingli Green Energy (YGE) $7.29 +$1.03 and Canadian Solar (CSIQ) $12.54 +$1.65.

We are seeing over 12% move in all these stocks. However, it should be noted that like most stocks out there, they have been severely beaten down from the levels they were trading at back in the summer.

Tags: Solar Stocks  Canadian Solar  Yingli Green Energy  Solarfun