Morning Research on MEMC Electronic Materials, SunPower, Trina Solar, and JA Solar

Apr 04, 2013, 08:00 ET from

LONDON, April 4, 2013 /PRNewswire/ --

Solar stocks were among the worst performers in 2012 as solar companies struggled due to pricing pressure and excess capacity. However, investors' confidence in solar sector has been reinstated after Warren Buffett's Berkshire Hathaway made an investment in the sector earlier this year. The outlook for U.S. solar companies such as MEMC Electronic Materials Inc. (NYSE: WFR), and SunPower Corporation (NASDAQ: SPWR) has improved significantly. Chinese solar companies also faced significant challenges last year. The Chinese solar industry, however, has received significant support from the Chinese government. China is also planning to increase its solar installations over the next few years, which will benefit companies such as Trina Solar Limited (NYSE: TSL), and JA Solar Holdings Co. Ltd. (NASDAQ: JASO). Solar stocks struggled in Wednesday's trading session as the broad market fell sharply amid concerns over North Korea and as investors digested some weak U.S. economic data. StockCall has posted free technical research reports on WFR, SPWR, TSL, and JASO and these can be accessed by signing up at

Shares of MEMC Electronic Materials Inc. ended marginally lower in Wednesday's trading session. The stock ended the day 0.24% lower at $4.08 on above average volume of 7.34 million. MEMC's shares have now fallen more than 7% this week. Despite the losses this week, the company's shares are up more than 27% for the year, easily outperforming the broad market. Shares of WFR have slipped below their 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the stock's MACD chart. Download the free report on WFR upon registration at

Shares of SunPower Corporation tumbled in yesterday's trading session, extending their losses for the week. The stock ended the day 9.78% lower at $9.69 on above average volume of 5.01 million. SunPower's shares have now fallen more than 16% for the week. However, the stock is still up more than 72% for the year, thanks to the significant gains it posted in February. The company's shares have seen a sharp pullback after the stock failed to break through $13 resistance level. The stock's MACD is below the signal line and has just crossed below the zero-line, which is a strong bearish signal. SPWR technical report can be accessed for free by signing up at

Shares of Trina Solar Limited finished flat in Wednesday's trading session. The stock fluctuated between gains and losses before finishing the day at $3.58 on volume of 1.11 million. For the week, Trina Solar Limited shares have fallen more than 1.30%. Year-to-date, Trina Solar Limited shares are down more than 17.50%. The stock recent slipped below $4 support level, which is a bearish signal. The next support level for the stock is at around $3.50. Its MACD is currently trading well below the zero-line and has also crossed below the signal line. The free report on TSL can be downloaded by signing up now at

JA Solar Holdings Co. Ltd's shares struggled in trading yesterday. The stock closed 0.85% lower at $3.51 on volume of 277,815, taking its losses for the week to over 3%. Shares of JASO have fallen sharply this year. Year-to-date, the stock is now down 17.80%. JA Solar's shares are trading more than 53% below their 52-week high. Free report on JASO can be accessed by registering at

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