Solar Stocks Rise as Oil Continues to Climb
May 7th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsSolar stocks rose yesterday as crude oil prices hovered around $122 a barrel. According to Forbes, however, gains in solar stocks were more psychological than operational.
Even though oil accounts for 2% of electricity production in this country–a negligible amount–the high-flying solar sector rallied on the back of black-gold’s gains.