SolarCity, Canadian Solar ‘Attractive’ In Volatility
Recent solar market volatility has created “attractive buy points” for SolarCity (SCTY) and Canadian Solar (CSIQ), a Stifel Nicolaus analyst wrote in initiating coverage of the duo with buy ratings. SolarCity stock, however, was down 3.5% in afternoon trading in the stock market today while Canadian Solar stock was down 2.5%, in another down day for the overall market. IBD’s 23-company Energy-Solar group was down more than 3% Thursday afternoon.