From the Wires
Chinese Solar Stocks on an Impressive Run to Start the Year After a Dismal 2012
The Paragon Report Provides Stock Research on LDK Solar and Trina Solar
By: Marketwired .
Jan. 4, 2013 08:21 AM
NEW YORK, NY -- (Marketwire) -- 01/04/13 -- Solar stocks have started the year with an impressive run after a dismal 2012. China's urbanization plans are expected to create new energy demand in 2013. The Guggenheim Solar ETF (TAN) has surged nearly 20 percent in the past week. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on LDK Solar Co., Ltd. (NYSE: LDK) and Trina Solar Ltd. (NYSE: TSL).
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Vice Premier Li Keqiang has been pushing China's urbanization as a key factor in the nation's economic growth. China's Southern Metropolis Daily recently reported by 2020 the nation's urbanization plans is expected to create $6.24 trillion worth of investment. To support the solar industry the Chinese government last month confirmed a second round of subsidies will be provided to over 100 developers of solar projects.
"What these programs do in China is creating domestic demand," said Dave Smith, the portfolio manager of the Gabelli Green Fund. "It's positive for stock prices in the short term because they give a sense of confidence that these companies will be generating higher volumes."
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LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. The company has recently announced that it has agreed to sell all shares of LDK Anhui to the Shanghai Qianjiang Group for approximately RMB 25 million.
Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model, from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. The company last month reported its PV modules have obtained certification for salt mist, sand blast and PID testing from leading certification bodies.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer
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