The solar power industry got some good news from Spain this week, as the Spanish parliament agreed to remove the controversial “sun tax” on solar energy self-consumption. Shareholders of SolarCity Corp SCTY 1.08% and Canadian Solar Inc. CSIQ 1.67% are counting the decision as a moral victory. For now, the market seems far more concerned with the two companies’ disappointing Q4 earnings reports and Q1 guidance.

The current sun tax abolishment agreement still needs to be approved formally in the Spanish parliament. However, Spain now finds itself in a complicated political situation. It is unclear whether the country will need to have new general elections in June before forming a new government.

The conservative Partido Popular party is the main supporter of the sun tax, but the party holds just 120 seats in the parliament.

The moral victory in Spain has done very little to boost slumping shares of Canadian Solar, which have plummeted 13.7 percent this week on disappointing Q1 guidance. The high range of the company’s guidance was…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!