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.
Canadian Solar Inc. (NASDAQ: CSIQ) shares traded in the range of $15.21 to $16.80 Friday before settling to close at $16.72, an increase of 9.50 percent. The stock appears to be facing some resistance at $18.67 with some support at the $15.95 and $13.77 levels. Shares of Canadian Solar have gained approximately 390.0 percent in 2013.
More information on Canadian Solar and access to the free equity report can be found at:
China Sunergy Co. Ltd. (NASDAQ: CSUN) shares traded in the range of $3.19 to $4.31 Friday before settling to close at $4.21, an increase of 29.14 percent. The stock appears to have some support at the $3.53, $3.17 and $2.98 levels. Shares of China Sunergy have gained approximately 195.0 percent in 2013.
More information on China Sunergy and access to the free equity report can be found at:
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) shares traded in the range of $9.60 to $10.34 Friday before settling to close at $9.88, an increase of 4.11 percent. The stock appears to be facing some resistance at $11.02, with some support at the $9.48 and $8.93 levels. Shares of JA Solar have gained approximately 130.0 percent in 2013.
More information on JA Solar and access to the free equity report can be found at:
LDK Solar Co., Ltd. (NYSE: LDK) shares traded in the range of $1.46 to $1.55 Friday before settling to close at $1.49, an increase of 0.68 percent. The stock appears to be facing some resistance at the $1.50 and $1.58 levels with some support at $1.43. Shares of LDK Solar have gained approximately 3.5 percent in 2013.
More information on LDK Solar 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...