Solar Stocks Higher as China Plans to Add Capacity (YGE) (LDK) (STP) (TSL)

January 8, 2013 2:12 PM EST
Stock in the solar sector were lifted on Tuesday after a WSJ article pointed out an announcement by China that it would add an additional 10-gigawatts of solar power capacity this year. The announcement came during a speech by Liu Tienan, deputy director of the National Development and Reform Commission.

Speculation about additional capacity in China has circulated for some time, but today's announcement helps solidify these assumptions. China has a goal of adding 21 gigawatts of capacity by 2015.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE), LDK Solar Co., Ltd. (NYSE: LDK) Suntech Power Holdings Co. Ltd. (NYSE: STP) and Trina Solar Limited (NYSE: TSL) moved higher on the news.

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