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HOKUQ vs. ETF Alternatives
Thursday, May 172012, 2:50 PMThe U.S. government has imposed anti-dumping duties of 31%-250% on Chinese solar imports, a source tells Bloomberg. The duties are the result of an investigation into whether Chinese firms, backed by government subsidies, have been selling modules below cost to drive out competition. First Solar (FSLR +7.2%) and SunPower (SPWR +13.6% - previous) are rallying on the news, while some (though not all) Chinese vendors are selling off: YGE -11.8%. HOKU -8.8%. LDK -3.9%. |Thursday, May 172012, 2:50 PM| 2 Comments
Monday, Apr 162012, 12:47 PMCanadian Solar (CSIQ +7.2%) has given back a chunk of the premarket gains it saw on a report CNOOC (CEO) is in talks to acquire the firm. Other Chinese solar names have given back most or all of their early gains: TSL -2.1%. YGE -2.9%. JASO +1.5%. HOKU +0.9%. Past remarks from the Chinese government have already led many to expect consolidation, and some fear a bit of M&A activity won't be enough to fix the solar industry's huge problems. |Monday, Apr 162012, 12:47 PM| Comment!