USA TODAY:
Biggest losers: Oil exploration companies.
These companies, which search for oil and extract it, are the most exposed to oil prices and therefore the stocks have been the most at risk…
Secondary losers: Companies that build energy facilities.
With oil prices depressed, there’s much less incentive to build new facilities to extract energy. That’s a problem for companies like Foster Wheeler (DB:FWI) and Joy Global (JOY), says S&P Capital IQ, which names these two companies the biggest losers from lower energy prices…
Wildcard loser: Alternative energy plays.
It’s hard to justify the big price tag on an electric car or even solar panels when fossil fuels are so cheap. Falling energy prices have been a problem for Tesla (TSLA), which has seen its stock fall this year along with declining oil prices. Shares of Tesla are still up 35% this year, but have fallen about 20% since September … (more)
