Solar Stocks Plummet Despite Obama Victory
With Obama as President-elect, solar stock prices must be sky high at the moment, right? Wrong. If you look at the values of most stocks around election day, they did increase. This peak was short lived however for most solar companies and it was followed by a huge decline.
Just how steep are we talking?
Akeena Solar
(NASDAQ:AKNS) is a large US-based solar installers for residential and commercial systems in California, New Jersey, New York, and Connecticut. Their stock was valued at nearly $17 at the beginning of the year and is now just above $2.
Ascent Solar
(NASDAQ:ASTI) is based in Colorado and produces high efficiency, thin film solar products. They saw stock prices rise to over $25 a share at the beginning of the year, but are currently under $4.
