Android app on Google Play

Solars Shine as China Moves for More M&A of Failing Firms (JKS) (JASO) (YGE)

December 19, 2012 12:52 PM EST Send to a Friend
Get Alerts STP Hot Sheet
Trade STP Now!
Join SI Premium – FREE
Solar stocks are trading higher today amid news that China might be open to consolidation of its troubled solar-products companies.

According to the WSJ, the move would cut down on overcapacity in the industry, benefiting those left standing when the dust settles.

China's State Council released a statement outlining a few of the measures that would be taken, including encouraging M&A reduction in government support, and ban local governments from supporting failing solar firms. China would also move to ease restrictions for companies to declare bankruptcy.

Moving higher on the session today are names like Suntech Power (NYSE: STP), LDK Solar (NYSE: LDK), China Sunergy (Nasdaq: CSUN), Yingli Green Energy (NYSE: YGE), JK Solar (NYSE: JKS), Trina Solar (NYSE: TSL), ReneSola (NYSE: SOL), JA Solar (Nasdaq: JASO), and others.




You May Also Be Interested In


Related Categories

Insiders' Blog, Mergers and Acquisitions, Trader Talk

Related Entities

Bankruptcy

Add Your Comment