The Chinese government has increased its planned installation of solar energy projects by 2015 from 5,000 megawatts to 21,000 megawatts. And at least one analyst expects the total to climb to more than 30,000 megawatts. That total is roughly equal to the expected new solar installations globally in 2012. The bad news is that global manufacturing capacity is about 59,000 gigawatts.
Still, the Chinese announcement has given share prices in a number of Chinese solar makers a boost today. Suntech Power Holdings Co. Ltd. (NYSE: STP) is up about 4.2% at $1.99 in a 52-week range of $1.50-$8.04. Suntech is China’s largest maker of solar cells and modules.
Trina Solar Ltd. (NYSE: TSL) is up about 1.7% at $6.75 in a 52-week range of $5.01-$21.55.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) is up 2.3% at $2.86 in a 52-week range of $2.50-$9.14.
Jinkosolar Holding Co. Ltd. (NYSE: JKS) is up 4.4% at $3.57 in a 52-week range of $3.06-$26.98.
LDK Solar Co. Ltd. (NYSE: LDK) is up 7.5% at $2.00 in a 52-week range of $ 1.54-$7.35.
JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is up 4.2% at $1.13 in a 52-week range of $0.89-$5.70.
Canadian Solar Inc. (NASDAQ: CSIQ) is up 4.7% at $3.79 in a 52-week range of $2.07-$11.65.
US solar panel makers First Solar Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ: SPWR) are also getting a boost. First Solar is up 4.1% at $15.91 in a 52-week range of $11.43-$134.21, and SunPower is up 3.5% at $5.33 in a 52-week range of $4.51-$23.36.
The Guggenheim Solar ETF (NYSEMKT: TAN) is up about 1.8% at $19.09 in a 52-week range of $2.42-$34.12.
Paul Ausick
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
