Germany Could Soften Solar Subsidy Cuts (TSL, YGE, LDK, JASO, STP)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
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 the changes proposed for photovoltaics in Germany will be made more moderate.”

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

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

ABNB Vol: 15,913,532
MCHP Vol: 19,139,274
PLTR Vol: 77,244,625
MRNA Vol: 6,820,582
AXON Vol: 1,591,869

Top Losing Stocks

TTD Vol: 133,458,224
CTRA Vol: 73,319,495
AKAM Vol: 8,143,961
ZTS Vol: 12,784,553
RMD Vol: 3,810,438