Solar stocks, Energy stocks, and the Price of Oil:

The stock chart below depicts the ratio of a solar stocks ETF stock(Symbol KWT), and an oil ETF stock (Symbol USO). First, the price chart suggests that solar stocks may have been under performing the oil price (and consequently possibly under performing other energy stock sectors). Furthermore, the chart shows that the ratio of KWT to USO has recently visit the area of the about 2.5years bottom reached back at the end of the stock market trading year of 2008/(beginning of stock market trading year of 2009). The price of oil is higher today than it was during the bottom of around 2.5 years ago. Therefore, was the recent price rise in solar stocks then a reflection of possible adjustments in relative value of solar stocks to oil prices given that oil and oil stocks have been recently rising?

Below is a list of stocks that may be part of the KWT stocks (organized in decreasing order of weights as of the time the website of the concerned financial institution containing the information was visited).

Holding Ticker

First Solar Inc FSLR US
Gt Solar International Inc SOLR US
Memc Electronic Materials Inc WFR US
Trina Solar Ltd TSL US
Sunpower Corp SPWRA US
Gintech Energy Corp 3514 TT
Suntech Power Holdings Co Ltd STP US
Renewable Energy Corp Asa REC NO
Yingli Green Energy Holding Co Ltd YGE US
Sma Solar Technology Ag S92 GR
Solarworld Ag SWV GR
Ja Solar Holdings Co Ltd JASO US
Neo Solar Power Corp 3576 TT
Ldk Solar Co Ltd LDK US
Solartech Energy Corp 3561 TT
Green Energy Technology Inc 3519 TT
Centrotherm Photovoltaics Ag CTN GR
5N Plus Inc VNP CN
Jinkosolar Holding Co Ltd JKS US
Renesola Ltd SOL US
Solar Millennium Ag S2M GR
Danen Technology Corp 3686 TT
Canadian Solar Inc CSIQ US
Q-Cells Se QCE GR
Hanwha Solarone Co Ltd HSOL US
Phoenix Solar Ag PS4 GR
Solaria Energia Y Medio Ambiente Sa SLR SM
Daqo New Energy Corp DQ US
Energy Conversion Devices Inc ENER US
China Sunergy Co Ltd CSUN US


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