Another day, another big rally for heavily-shorted solar stocks (TAN +3%). Hopes are growing the...
Another day, another big rally for heavily-shorted solar stocks (TAN +3%). Hopes are growing the beleaguered industry might finally be bottoming: Credit Suisse's Satya Kumar is encouraged by flattening polysilicon and module pricing, and thinks U.S. and Chinese solar initiatives could drive growth. However, he adds "excess panel capacity in China needs to be permanently retired." LDK +9.3%. SCTY +8.3%. GTAT +5.1%. DQ +7.2%. SOL +7.9%. JKS +6.5%. FSLR +2.9%. (yesterday: I, II)
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