Solar stocks (TAN, KWT) are on watch following reports China's government allocated 13B yuan...

|By:, SA News Editor

Solar stocks (TAN, KWT) are on watch following reports China's government allocated 13B yuan ($2B) this year for domestic solar companies and may double its target for solar installations. The moves throw a lifeline to the biggest solar panel manufacturers and their suppliers after a glut of manufacturing capacity depressed prices and profits worldwide.