Solar Stocks Fall Ahead Of SolarCity Report

Shares of solar energy companies fell sharply Wednesday, ahead of results from SolarCity Corp. and a day after Republicans captured control of the U.S. Senate in national elections. SolarCity lost more than 8% in recent trading; Vivint Solar lost more than 7%; SunEdison dropped nearly 5% and SunPower dropped nearly 3%. SolarCity is expected to report a loss of $1.12 a share on sales of $60 million, according to a survey of analysts by FactSet. Republicans are generally seen as less interested in alternative power, having run in favor of the Keystone oil pipeline, and having captured a Senate seat from Democrats in West Virginia, a key coal-mining state.

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