Lazards loves Suntech Power

A good buy despite declining oil prices

Solar stocks overall enjoyed a huge run-up in prices as oil prices surged over $100.00. Conventional wisdom claimed the entire run-up was completely driven by oil prices and that solar stocks would drop as oil prices dropped. Thus far, SunTech has been defying that trend, and it has been mentioned by a bunch of various stock pickers in recent weeks as an example of the decoupling of quality solar stocks and the price of oil.

Today, Lazards added to this new decoupling thinking by picking SunTech Power as one of its Top 5 Stock Picks on CNBC this morning.