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Solar Stocks$404.61
2.55%4:00PM 11/25/2020
Solar firms had soared in recent weeks in anticipation of a Democratic election "blue wave," but results in U.S. Senate races make it clearer that the election will end with a divided government, and any sweeping changes to energy and climate policies including bigger rebates likely will be out of reach.
Latest intraday update before market close @ 19:45:00 PM 11/25/2020
Summary :
Average return is up 3.5%
Median return is up 3.4%
7 out of 7 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • The momentum of the sector is very strong.
  • Solar stocks up 2.5% on average while median return up 2.2% in a day
  • Solar stocks up 14.9% on average while median return up 14.1% in a week
  • Solar stocks up 18.8% on average while median return up 15.7% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

Related ETFs (click on ticker for detail)

  • 1M winners are : Winners for past month are $SPWR 42.2%, $ENPH 34.1%, $TAN 21.0%, $RUN 20.7%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $RUN 19.8%, $SEDG 18.5%, $SPWR 17.6%, $JKS 15.3%
  • 1W losers are : Losers for past week are
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 67.7%, for the past 3 months is 64.6%

In the past month for a 5 days rolling window, the highest corrrelation is 92.9%, the lowest correlation is -5.0%, the latest correlation is 81.6%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 88.0% between SPWR and TAN

The lowest correlation is 40.6% between FSLR and SEDG

Stock news

    11/25/2020JKS
    JinkoSolar Announces New Chief Operating Officer

    JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the resignation of Mr. Zhiqun Xu as the Company's Chief Operating Officer and the appointment of Dr. Jiun-Hua Allen Guo as the Company's new Chief Operating Officer. Dr. Guo, who currently serves as the Company's vice president for Quality System, will assume his new role and responsibilities immediately. Mr. Xu will be leaving...

    11/24/2020CSIQ
    Cross Country, Alkaline Water, Enphase Energy, Canadian Solar and TOTAL as Zacks Bull and Bear of the Day

    Cross Country, Alkaline Water, Enphase Energy, Canadian Solar and TOTAL as Zacks Bull and Bear of the Day

    11/24/2020CSIQ
    Canadian Solar (CSIQ) Inks PPAs to Boost Brazil Solar Footprint

    Canadian Solar's (CSIQ) backlog of solar projects in Brazil with PPAs (or equivalent) increases to almost 2.2 gigawatt-peak (GWp) with the latest agreements.

    11/24/2020RUN
    Sunrun Announces Environmental Justice Initiatives

    Through Donations, Partnerships and Programs Across the Country, Sunrun will Expand Access to Solar Energy Savings and JobsSAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Sunrun, the nation’s leading residential solar, storage and energy services provider today announces five environmental justice initiatives to expand access to solar and its benefits. The efforts include advocating for more social equity in solar policies, removing financial barriers to solar, and hiring from disadvantaged com...

    11/24/2020FSLR
    Clearway Energy (CWEN) to Buy 35% Stake in Agua Caliente Solar

    Clearway Energy (CWEN) is set to raise its stake to 51% in the 290-MW Agua Caliente solar project by acquiring an additional 35% interest in the same for $202 million.

    11/23/2020CSIQ
    Canadian Solar Signs a Total of 862 MWp in Solar PPA with BTG and Auction with Furnas in Brazil

    Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it recently signed a power purchase agreement ("PPA") with BTG Pactual ("BTG", B3: BPAC11) and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas ("Furnas") for a total of 862 MWp in solar power projects in Brazil.

    11/22/2020CSIQ
    Canadian Solar Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

    As you might know, Canadian Solar Inc. (NASDAQ:CSIQ) recently reported its third-quarter numbers. Canadian Solar beat...

    11/20/2020JKS
    JinkoSolar Might Be in a Holding Pattern Until January

    You can make the argument that JinkoSolar (NYSE:JKS) stock is more than just an investment based off the U.S. presidential election. After all, while the POTUS is practically considered the most powerful person in the world, the world is more than just the U.S. Source: Lutsenko_Oleksandr / Shutterstock.com That’s especially true when you look at the broader economy. Interest in solar energy is not exclusively limited to Americans, theoretically giving JKS stock insulation from Washington’s dra...

    11/20/2020CSIQ
    3 Stocks to Gain From Expanding Southeast Asian Solar Market

    The solar energy market in Thailand, Vietnam, Philippines, Malaysia and other countries has been steadily growing and witnessing a rise in the addition of solar projects.