Crude Oil Has Stabilized, Start Looking At Solar Names Now

Traditionally, solar stocks have shown a high correlation with the price of crude oil, i.e. solar stocks move higher when oil prices are stable to moving higher and vice-versa. Even if the underlying business for solar companies may have different catalysts, it is better to look at these stocks when crude oil is holding up well. Now that crude oil price is back to $40 per barrel range, this is a good time to focus on long-term secular demand story playing in the renewable energy sector in general and solar…

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