Chinese solar stocks surged last Friday after Trina Solar and Yingli Green Energy received upgrades from Deutsche Bank. Additionally on Sunday, China's Ministry of Finance announced that it will offer tax breaks to solar power manufacturers. From Oct. 1, 2013 to Dec. 31, 2015 producers of solar power products would receive immediate refunds of 50 percent of the value-added taxes, according to a statement from the ministry.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares traded in the range of $21.50 to $22.58 Friday before settling to close at $22.50, an increase of 5.29 percent. The stock appears to have some support at the $21.64, $20.11 and $18.97 levels. Shares of JinkoSolar have gained approximately 260.0 percent in 2013.
More information on JinkoSolar and access to the free equity report can be found at:
Trina Solar Limited (NYSE: TSL) shares traded in the range of $13.41 to $15.24 Friday before settling to close at $14.83, an increase of 15.50 percent. The stock appears to have some support at the $13.69, $12.43 and $11.98 levels. Shares of Trina Solar have gained approximately 240.0 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 $6.33 to $6.82 Friday before settling to close at $6.73, an increase of 10.33 percent. The stock appears to have some support at the $6.55, $6.12 and $5.99 levels. Shares of Yingli Green Energy have gained approximately 185.0 percent in 2013.
More information on Yingli Green Energy and access to the free equity report can be found at:
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