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3 Solar Stocks That Are Melting Away

This green-energy sector is once again under selling pressure

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Back in November, I wrote about how solar stocks — one of the leading industry groups during the 2013 market melt up — were rolling over as emerging markets, in general, we lagging the march to new record high in U.S. equities.

solar-stocksThe Guggenheim Solar ETF (TAN), tested its 50-day moving average before stumbling into mid-December. A number of recommended short positions worked well as the TAN suffered a 16% decline following that post.

The sector rebounded into January, despite the widespread attention the emerging market currency crisis gained during this period. But now, after sliding sideways over the last few weeks, solar stocks are under pressure again as a trade spat between China and the United States has broken out because both countries are trying to protect domestic producers amid falling demand and plunging prices.

With emerging-market economies more focused on avoiding a currency meltdown, green energy projects are being moved to the sidelines — setting up a renewed bout of selling pressure in solar stocks.

Here are three short candidates worth considering.

Article printed from InvestorPlace Media,

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