Solar stocks have surged recently as better-than-expected quarterly results from Chinese solar manufacturers have signaled improving demand. Growing demands from China has seen manufacturers, such as JinkoSolar Holding Co. SunPower Corp. and Trina Solar Ltd., produce panels at full speed and are now also considering boosting capacity. "The solar industry was put into a bad, bad downturn, a horrendous margin environment," said Maxim Group analyst Daniel Ries. "New markets, China, Japan, are growing, more than offsetting slowing markets like Europe. If you hold capacity constant, demand continues to improve, you’ll get to a healthy balance and then after that to a shortage."
JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares traded in the range of $13.40 to $14.82 Wednesday before settling to close at $14.54, an increase of 5.13 percent. The stock appears to be facing some resistance at the $14.98 and $16.23 levels with some support at $13.74. Shares of JinkoSolar have gained approximately 134.0 percent in 2013.
More information on JinkoSolar and access to the free equity report can be found at:
LDK Solar Co., Ltd. (NYSE: LDK) shares traded in the range of $1.52 to $1.69 Wednesday before settling to close at $1.65, an increase of 5.10 percent. The stock appears to be facing some resistance at the $1.70 and $1.77 levels with some support at $1.64. Shares of LDK Solar have gained approximately 14.5 percent in 2013.
More information on LDK Solar and access to the free equity report can be found at:
Trina Solar Limited (NYSE: TSL) shares traded in the range of $7.82 to $9.19 Wednesday before settling to close at $8.97, an increase of 14.71 percent. The stock appears to have some support at the $8.71, $7.82 and $7.20 levels. Shares of Trina Solar have gained approximately 106.0 percent in 2013.
More information on Trina Solar and access to the free equity report can be found at:
Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) shares traded in the range of $3.81 to $4.16 Wednesday before settling to close at $4.11, an increase of 6.48 percent. The stock appears to be facing some resistance at $4.32 with some support at the $3.94 and $3.66 levels. Shares of Yingli Green Energy have gained approximately 75.0 percent in 2013.
More information on Yingli Green Energy and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Leave a comment...