Obviously Solar stocks have been hit with the rest of the energy space. One key thing worth noting is subsidy cuts are coming from the US, to Canada, to the UK. Or at least that's the talk.
Regardless this is a good thing for the group. Either the cuts are coming and kill off the weak competition therefore strengthening the industry OR the major players still get the profitability boost of the subsidies. Anyways, on to the charts..
If this year and a half downtrend in SolarCity breaks, this is the one to own. It really just depends on the market.
Moving to SunEdison, it's got this mega tailwind from last year's spin-off of it's non-core semi business.
Now after a big run and pull-back off a head and shoulders top, buyers have stepped in at an old pivot in front of the 200 day moving average. It's also worth noting the market has hit it's breakdown measured move.
Obviously SunEdison is a much better technical buy right now as it's at support, but both stocks are worth consideration as we move through the often volatile fall months.
Trade 'em well!
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