Momentum Stocks: SolarCity (NASDAQ:SCTY), First Solar (NASDAQ:FSLR), Canadian Solar (NASDAQ:CSIQ), Hanwha Solarone Co Ltd (NASDAQ:HSOL)

SolarCity Corp (NASDAQ:SCTY), along with the other Elon Musk-related stock Tesla Motors In (NASDAQ:TSLA), continues to confound analysts and experts. Shares fell as much as 2% on Friday, although they performed exceptionally well last year. SolarCity Corp (NASDAQ:SCTY) stock opened at $75.70 in last session, and closed at $74.00, while the day range of SCTY stock is $73.10 – $76.40. The stock showed a positive weekly performance of 3.77%.

Like First Solar Inc. (NASDAQ: FSLR), SunPower gets a lot of its revenue from utility scale projects, which is very volatile quarter to quarter so it’s often more important to look at non-GAAP results that adjust for project timing. First Solar, Inc. (NASDAQ:FSLR) stock opened at $53.20, in last session and closed at $53.17, by gaining 53.17%. The 52 week range of FSLR is $24.46 – $65.99. Company’s market capitalization is $5.29billion.

Canadian Solar Inc. (NASDAQ:CSIQ), which, despite its name, is headquartered in China, last week completed a concurrent convertible bond and share offering to raise US$230m, showing that the solar industry’s often-rocky relationship with the capital markets is back on the mend. Canadian Solar Inc. (NASDAQ:CSIQ) stock decreased -1.36% and finished the last session at $37.64. The EPS of the stock remained -2.26. Company’s market capitalization is $2.03billion.

Hanwha Solarone Co Ltd (NASDAQ:HSOL) disclosed that It has signed a strategic partnership with Shanghai HuiTianRan Investment Holding Group Co., Ltd. Hanwha Solarone Co Ltd (NASDAQ:HSOL) stock opened the session at $3.11, and closed the session at $2.96. The 52 week range of the HSOL stock remained $0.86 – $5.701 and the day range was $2.94 – $3.16.

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