Solar Industry Impressing Investors With Gains in 2013 After a Dismal 2012
RDInvesting Provides Stock Research on Canadian Solar and JA Solar
NEW YORK, NY -- (Marketwire) -- 02/19/13 --
After struggling through most of 2012, the solar industry has started 2013 on an impressive run. Both the Market Vectors Solar Energy ETF (KWT) and the Guggenheim Solar ETF (TAN) have gained nearly 20 percent year-to-date. Research Driven Investing examines investing opportunities in the Solar Industry and provides equity research on Canadian Solar Inc. (NASDAQ:CSIQ) and JA Solar Holdings Co., Ltd. (NASDAQ:JASO).
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Solar companies received a boost last week after analysts from Citigroup's global solar sector research team initiated coverage on several companies in the industry. First Solar, Inc. and SunPower Corp. were the biggest gainers after receiving an initial "buy" rating from Citi, while Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd. benefited from a "neutral" rating.
"The upstream segment of the solar value chain is going through a permanent structural shift - mainly the commoditization of the panel manufacturing business," wrote Citigroup analyst Shahriar Pourreza.
Research Driven Investing releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
Canadian Solar operates in 11 countries: Canada, Germany, Italy, Japan, Korea, Spain, Australia, the U.S., Singapore, Hong Kong and China. The company's seven wholly-owned manufacturing subsidiaries have a total combined facility space of over 260,000 square meters and a module capacity of 2.05 GW. Shares of Canadian Solar have gained over 47 percent year-to-date.
Shares of JA Solar have gained over 30 percent year-to-date. According to the annual industry report published by SolarBuzz in March 2012, JA Solar ranked first in China and second globally in terms of cell production in 2011. The company has recently completed the delivery of 9.5 MW of PV modules to the Volkswagen Solar Park in Tennessee.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Source: Research Driven Investing