Solar and wind shares were among the big winners in 2013 as they recovered from what amounted to brushes with bankruptcy for a number of the weaker companies. The rationalisation of global capacity, lower prices for solar cells on a per unit of electricity basis and recovering demand all helped to fuel investor interest.
Over the last six weeks, the sector has been in a process of mean reversion so it is notable that a number of the better performers found support today in the region of their respective 200-day MAs. First Solar, SunEdison and China Sunergy all share this pattern.
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