A relief rally or a dead-cat bounce? Depressed Chinese solar stocks are up after Yingli (YGE...
Wednesday, November 28, 2012, 11:14 AM ETA relief rally or a dead-cat bounce? Depressed Chinese solar stocks are up after Yingli (YGE +11.2%) and JA Solar (JASO +6.8%) delivered better-than-feared results (I, II) and guidance. Trina (TSL +12.9%), LDK Solar (LDK +6.2%), and misnamed Canadian Solar (CSIQ +5.9%) are among the winners. A Reuters column today notes Chinese vendors are increasingly counting on domestic sales (boosted by subsidies) to drive growth, as they cope with anti-dumping tariffs in the U.S. and perhaps soon Europe.
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