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Tuesday, March 15, 2011

Aftermath of the Devastating Earthquake in Japan

The magnitude 9 earthquake last week in Japan not only devastated the world's third largest economy but also caused worries among investors around the world.  Since the earthquake, Dow has dropped 300 points and is down 1.86% today while S&P 500 has dropped below 1300 and is down 1.89% today.  As most stocks are in red today, one group of stocks that bucking the trend is the solar power companies which saw most of its stocks up today.  The major reason that lifts this sector is the nuclear power plant explosion caused by the earthquake which raises concerns among governments relying on such a vulnerable energy generation technology.  


Solar stocks that have been doing well today are LDK Solar up 6.56%, Suntech Power up 6.64%, Trina Solar up 7.23%, Yingli Green Energy up 6.04% and Canadian Solar up 6.33%.

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