Green Chip Stocks

Green Chip Stocks Index:

ABB (ABB) - 23.00 -0.08

Canadian Solar (CSIQ) - 39.19 -0.52

Chipotle Mexican Grill (CMG) - 664.09 -0.23

Daqo New Energy (DQ) - 42.70 -2.71

First Solar (FSLR) - 70.87 -0.82

General Electric (GE) - 26.29 ↑ 0.08

Hannon Armstrong (HASI) - 14.12 ↑ 0.07

Hanwha SolarOne (HSOL) - 2.59 ↑ 0.04

iPatch DJ-UBS Coffee ETN (JO) - 33.45 -0.45

iPath Pure Beta Coffee ETN (CAFE) - 22.15 -0.32

JA Solar (JASO) - 9.86 -0.26

Maxwell Technologies (MXWL) - 8.60 -0.26

NRG, Inc. (NRG) - 31.25 ↑ 0.45

NRG Yield, Inc. (NYLD) - 50.57 -0.11

Ormat (ORA) - 27.94 -0.07

Pattern Energy Group (PEGI) - 30.91 ↑ 0.10

SolarCity (SCTY) - 64.61 -1.38

SunEdison (SUNE) - 20.40 -0.39

SunPower (SPWR) - 36.68 -0.95

TerraForm Power (TERP) - 30.07 ↑ 0.08

Tesla (TSLA) - 259.32 -4.50

TransAlta Renewables, Inc. (RNW) - 11.34 ↑ 0.00

Trina Solar (TSL) - 14.38 -0.02

U.S. Geothermal (HTM) - 0.60 ↑ 0.02

Whole Foods Market (WFM) - 39.17 -0.62

Yingli Green Energy (YGE) - 3.39 -0.19

Siemens (NYSE:SI) Solar Failure

Siemens (NYSE:SI) Licks its Wounds on Solar Failure

By Jeff Siegel   

I must admit, I was completely blown away this morning after I read that Siemens (NYSE:SI) would be bailing on solar.

In a statement issued by Siemens, the company said that due to the changed framework conditions, lower growth and strong price pressure in the solar markets, the company's expectations for its solar energy activities have not been met.

I've been saying for more than two years now that the solar industry is going through some very serious consolidation. But to be honest, I thought Siemens would be among the few remaining players once the smoke cleared.

Although it should be noted that the company will still sell steam turbines, control systems and generators for customers currently operating solar power plants. So the company still has exposure to the space. As well, Siemens remains a leader in the offshore wind space, where competition is quite limited.

Siemens was up 1.24% in pre-market.

 

Enjoy this article? Get more in our Free Newsletter

Jeff Siegel on CNBC
Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Your Privacy is Assured.

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Please Enter Your E-mail:




Related Articles

SunPower Corp. (NASDAQ: SPWR) Installs 1.3-megawatt System
SunPower Corp.'s (NASDAQ: SPWR) system will provide all of the energy necessary for the new Exploratorium facility in San Francisco...

Solar Consolidation Begins
A report warns that as many as 180 solar companies could disappear by 2015, but several will likely remain as major players...

First Solar (NASDAQ: FSLR) to Build Dubai Facility
First Solar (NASDAQ: FSLR) continues its international expansion with a contract with the Dubai Electricity and Water Authority...