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Investing

Jump in Solar Stocks on Hopes for Higher Prices (JASO, JKS, HSOL, STP, YGE)

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By Paul Ausick Published
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Most of China’s solar panel makers say large positive gains to share prices yesterday on reports that panel prices have stabilized. JA Solar Holdings Co. Ltd. (NASDAQ: JASO) rose nearly 35%, JinkoSolar Holding Co. Ltd. (NYSE: JKS) rose 32%, Hanwha Solarone Co. Ltd. (NASDAQ: HSOL) was up nearly 38%, Suntech Power Holdings Co. Ltd. (NYSE: STP) rose more than 27%, and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) was up more than 20%.

A report from Taiwan’s Digitimes notes that solar panel makers have been hoping to raise prices following strong demand in the fourth quarter of 2011. But supply still exceeds demand:

As inventories have been cleared out, solar firms plan to increase prices slightly after the Lunar New Year. Industry sources indicated that supply continues to outpace demand, hence a small increase is more suitable.

Digitimes also says that some Chinese companies will try to keep prices down until the low prices drives out some competitors.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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