Solar, Chinese Internet stocks fly higher


On a good day for many tech momentum plays, solar and Chinese Internet stocks led the way.

Solar names could be benefiting from Chinese government remarks suggesting Beijing remains open to trade talks to end its ongoing solar import dispute with the U.S. The comments come after the ITC added Chinese solar panels made with Taiwanese cells to its list of Chinese panels covered by import duties.

Also: SunEdison (SUNE +6.6%) has filed for an IPO for its solar project business, a move that could entice other companies with major solar project ops to do the same.

Solar gainers: FSLR +6.9%. SCTY +8%. JASO +12.6%. DQ +9.2%. CSUN +8.1%. YGE +5.5%. JKS +5.3%.

Chinese Web gainers: CTRP +11.5%. CCIH +16.8%. RENN +11%. YOKU +6.1%. QIHU +6.9%. WUBA +10.6%. WBAI +7.9%. GOMO +9.1%. SOHU +5.6%.

Solar ETFs: KWT, TAN

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Comments (1)
  • SA User 74XXXXX
    , contributor
    Comments (832) | Send Message
     
    The stock market may not have run its course in 2013. It is still too early for the shorties to attack any high valuation stocks ✌

     

    IMHO
    19 Feb 2014, 03:48 AM Reply Like
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