Germany Could Soften Solar Subsidy Cuts (TSL, YGE, LDK, JASO, STP)
The German government had been expected to cut the country’s solar PV subsidy by 15% in April, and by 2% a month thereafter. PV Magazine is reporting today that following a meeting last night, “it has come to light that…
Stocks of China’s biggest solar PV makers are getting a boost from the news, with Trina Solar Ltd. (NYSE: TSL) up 4.9%, Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) up 3.7%, LDK Solar Co. Ltd. (NYSE: LDK) up 2.4%, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) up 2.9%, and Suntech Power Holdings Co. Ltd. (NYSE: STP) up 0.6%.
The stocks slid earlier this week following the US Commerce Department’s decision to apply a tariff to solar panels imported into the US, and could slide further as the anti-dumping case proceeds to a conclusion.
Paul Ausick
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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.