Solar Stocks Climb, Powered by China Government's Plan to Trim Financing

By Staff,

Shutterstock photo

Solar stocks rally on buzz the Chinese government plans to increase the financing for solar producers struggling under layers of debt and the possibility of EU tariffs on imports in European market, which contributes to more than 50% of solar producers' revenue.

Among gainers:

JA Solar Holdings Co. ( JASO ) up 0.6% at $6.91

Suntech Power Holdings ( STP ) up 5.6% at $1.01

ReneSola Ltd. ( SOL ) up 1.5% at $2.03

Trina Solar Limited ( TSL ) up 4.7% at $6.21

Yingli Green Energy ( YGE ) up 9.7% at $3.15

LDK Solar Co. (LDK) up 5.1% at $5.43

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: JASO , SOL , STP , TSL , YGE

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