- The Chinese government, which has already set a 35GW 2015 solar installation target, is now offering local solar manufacturers a 50% value-added tax (VAT) rebate for sales taking place from Oct. 2013-Dec. 2015.
- Chinese solar plays are responding well to the news. STP +15.6%. CSUN +23.5%. LDK +13.4%. SOL +5.4%. DQ +4.5%. JASO +3.9%. TSL +4.1%. YGE +3%.
- Also: JinkoSolar (JKS +3.6%) has announced a deal to supply 20MW of modules to the State Grid Corporation (China's biggest electric utility) for a 60MW demonstration project. Deliveries will take place in Q4.
- Last week's gains: Wednesday, Thursday, Friday
Chinese solar stocks rally (again) following gov. tax rebate plan
From other sites
at CNBC.com (Sep 16, 2013)
at CNBC.com (Aug 25, 2013)
at CNBC.com (Jul 15, 2013)
at CNBC.com (Apr 11, 2013)
at CNBC.com (Apr 9, 2013)
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