Solar Stocks Surge as China Could Double Installations
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While the market is just modestly higher, First Solar, Inc. (Nasdaq: FSLR) and other solar stocks ares surging higher. This could be related to reports from Bloomberg that China may double solar installation this year, which could effectively absorb the excess supply that killed solar panel prices and margins last year.
Around the Sector:
First Solar, Inc. (Nasdaq: FSLR) +8%
Canadian Solar Inc. (Nasdaq: CSIQ) +7%
LDK Solar Co. Inc. American Dep (NYSE: LDK) +7%
JA Solar Holdings, Co., Ltd. (Nasdaq: JASO) +5%
Trina Solar (NYSE: TSL) +4%
Suntech Power Holdings Co., LTD (NYSE: STP) +4%
Renesola Ltd. Common Shares of (NYSE: SOL) 4%
Yingli Green Energy Holding Com (NYSE: YGE) +3%
SunPower Corporation (Nasdaq: SPWR) +3%
Around the Sector:
First Solar, Inc. (Nasdaq: FSLR) +8%
Canadian Solar Inc. (Nasdaq: CSIQ) +7%
LDK Solar Co. Inc. American Dep (NYSE: LDK) +7%
JA Solar Holdings, Co., Ltd. (Nasdaq: JASO) +5%
Trina Solar (NYSE: TSL) +4%
Suntech Power Holdings Co., LTD (NYSE: STP) +4%
Renesola Ltd. Common Shares of (NYSE: SOL) 4%
Yingli Green Energy Holding Com (NYSE: YGE) +3%
SunPower Corporation (Nasdaq: SPWR) +3%
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