$ STP news. Chinese Solar Stocks Rise as Demand fo
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Posted On: 11/30/2012 8:49:50 AM
$ STP news. Chinese Solar Stocks Rise as Demand for Solar Products in China Grow
Solar stocks received a boost earlier this week after manufacturers -- JA Solar and Yingli Energy -- in their recent quarterly reports showed Chinese demand for solar products is on the rise. The Market Vectors Solar Energy ETF (KWT) has risen nearly 15 percent in the past week. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on JinkoSolar Holding Co., Ltd. (NYSE: JKS) and Suntech Power Holdings Co., Ltd. (NYSE: STP).
Access to the full company reports can be found at:
www.ParagonReport.com/JKS
www.ParagonReport.com/STP
Solar companies have struggled in 2012 as poor economic conditions and increased competition have caused demand for solar cells to fall. Chinese manufacturers have been hit the hardest as complaints from U.S. companies have led to "anti-dumping" tariffs as high as 250 percent on Chinese solar products.
While markets in the U.S. and Europe have slowed, demand for solar products in China remains strong. Despite posting quarterly losses, JA Solar and Yingli Energy shares surged as revenues within China increased. JA Solar reported shipments within China more than doubled quarter-over-quarter, while Yingli Energy reported Chinese sales rose 14 percent sequentially and 28 percent year-over-year. Both companies have plans to expand into Southeast Asian markets in the fourth quarter.
Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of September 30, 2012. The company reported revenues of RMB1.4billion (US$221.1million) in the third quarter, representing an increase of 12.2% from the second quarter of 2012, and a decrease of 22.0% from the third quarter of 2011.
Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. The company has recently decided to reduce production at their Goodyear facility in Arizona to 15 MW from 45 MW. The company believes the reduction will reduce operation expenses by 20 percent in 2012 and 2013.
The Paragon Report 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: http://www.paragonreport.com/disclaimer
Solar stocks received a boost earlier this week after manufacturers -- JA Solar and Yingli Energy -- in their recent quarterly reports showed Chinese demand for solar products is on the rise. The Market Vectors Solar Energy ETF (KWT) has risen nearly 15 percent in the past week. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on JinkoSolar Holding Co., Ltd. (NYSE: JKS) and Suntech Power Holdings Co., Ltd. (NYSE: STP).
Access to the full company reports can be found at:
www.ParagonReport.com/JKS
www.ParagonReport.com/STP
Solar companies have struggled in 2012 as poor economic conditions and increased competition have caused demand for solar cells to fall. Chinese manufacturers have been hit the hardest as complaints from U.S. companies have led to "anti-dumping" tariffs as high as 250 percent on Chinese solar products.
While markets in the U.S. and Europe have slowed, demand for solar products in China remains strong. Despite posting quarterly losses, JA Solar and Yingli Energy shares surged as revenues within China increased. JA Solar reported shipments within China more than doubled quarter-over-quarter, while Yingli Energy reported Chinese sales rose 14 percent sequentially and 28 percent year-over-year. Both companies have plans to expand into Southeast Asian markets in the fourth quarter.
Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of September 30, 2012. The company reported revenues of RMB1.4billion (US$221.1million) in the third quarter, representing an increase of 12.2% from the second quarter of 2012, and a decrease of 22.0% from the third quarter of 2011.
Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. The company has recently decided to reduce production at their Goodyear facility in Arizona to 15 MW from 45 MW. The company believes the reduction will reduce operation expenses by 20 percent in 2012 and 2013.
The Paragon Report 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: http://www.paragonreport.com/disclaimer
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