Solars Tick Higher as One German Energy Firm Bets on Future Projects (STP) (LDK)

December 28, 2012 12:37 PM EST
Get Alerts LDK Hot Sheet
Trade LDK Now!
Join SI Premium – FREE
Solars are getting a little boost on positive sentiment from at least one European energy company today.

According to reports out Friday, German renewable energy developer Juwi Holding AG said it will rely on wind and solar projects to boost sales 36 percent through 2015.

The company consolidated in 2012, trimming jobs, withdrawing from wood-fueled facilities, and cutting investment in biogas and electric mobility projects. In an emailed statement today, Chief Financial Officer Martin Winter said, "Our projections indicate that the total turnover of the Juwi group will increase to nearly 1.5 billion euros by 2015."

Juwi plans to capitalize on sales in Germany and other international markets.

In other news today, President Obama is stepping up trade relations with Asia-Pacific nations, which may be another boon for Chinese solar firms.

Notably higher on the session are SunTech Power (NYSE: STP), LDK Solar (NYSE: LDK), Yingli Green Energy (NYSE: YGE), JinkoSolar (NYSE: JKS), and others.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog

Related Entities

Barack Obama

Add Your Comment