A Tale of Two Solar Stocks

By ColumnsFOXBusiness

SolarCity surged Monday after Goldman Sachs added the firm to its coveted conviction buy list. Meanwhile, rival First Solar slumped on the back of a downgrade from Goldman.

SolarCity (NASDAQ:SCTY) is enjoying its biggest rally in two months after Goldman Sachs (NYSE:GS) upgraded the company to “buy” from “neutral,” citing SCTY’s strong position in the fast-growing market for rooftop solar energy products.  Rival First Solar (NASDAQ:FSLR), which isn’t as big in the rooftop market, was cut to “sell” from “buy” at Goldman, sending the stock plunging almost 10%.

Continue Reading Below

The 12 stocks below had a heck of a year in 2013, rallying 257% on average.  Will the momentum hold in 2014?  Three days into the new year and the answer appears to be “yes,” with the group up an average of 13.4%:

Solar Stocks Shine Already in 2014

What do you think?

Click the button below to comment on this article.