Tuesday, May 14, 2013

2 Main Reasons Behind The Solar Stocks’ Rally :Suntech, Trina Solar, Yingli Green Energy, JA Solar, SunPower, MEMC Electronic Materials, LDK Solar, First Solar

Chinese solar companies continued to gain sharply on Friday as China urged Europe to think again on its decision to institute tariffs on its panel makers. The rally that began on Thursday, extended as China started making noise about solving the problem with talks not tariffs. And news reports provided signs that European companies are worrying that the duties will do more harm than good.
Axiom Capital’s Gordon Johnson believes tariffs on Chinese cells/modules are expected to make export to Europe ever more difficult for Chinese suppliers. And the move will likely lead to a flood of cheaper Chinese solar panels into emerging markets including China, Middle-East, U.S., and India which causes problem for those companies seeking expansion out of Europe.
In other news on Friday, Reuters reported that Gerard Wynn believes the latest round of company financial reports suggests that solar module selling prices are expected to extend fall, although more slowly than previously.
The share price of Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) gained 8.93% during last trading day, ending at $0.610. At latest ending price, the company has a market cap of $110.31mbillion.
Trina Solar Limited (ADR) (NYSE:TSL) rose 19.62% to move at $5.73. The market value of this companyis$457.63 million. The stock has a 52 week range $2.04 and $7.59.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) traded 12.44% higher to close at $2.44. The market value of this companyis$372.43 million. The stock has a 52 week range $1.25 and $3.63.
The share price of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) gained 11.64% during last trading day, ending at $5.37. At last finishing price, the company has a market cap of $43.44 million.
In the last trading session, shares of SunPower Corporation (NASDAQ:SPWR) were up 10.29% to $18.00. The market value of this companyis$2.90 billion. The stock has a 52 week range $3.71 and $18.08.
In the last trading session, shares of MEMC Electronic Materials, Inc. (NYSE:WFR) were up 7.13% to $5.41 after form 8-K/A filing. The market value of this companyis$1.25 billion. The stock has a 52 week range $1.44 and $5.70.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) rose 8.40% to move at $1.29. The market value of this companyis$164.05 million. The stock has a 52 week range $0.71 and $3.26.
The share price of First Solar, Inc. (NASDAQ:FSLR) gained 4.71% during last trading day, ending at $49.43. At last finishing price, the company has a market cap of $4.32 million. The stock has a 52 week range $11.43 and $49.55.