SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Nov 12, 2012) - Solar stocks have experienced major volatility in 2012 as complaints from several U.S. solar-equipment manufacturer regarding China's "dumping" measures have led to hefty tariffs on Chinese solar products. Europe has also recently begun an investigation in to "dumping" measures from China which could eventually lead to tariffs of their own. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) and LDK Solar Co., Ltd (NYSE: LDK).
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The U.S. International Trade Commission last week unanimously upheld the duties placed on imports from Chinese solar companies. The duties, ranging from 18.32 percent to 249.96 percent, have caused a split within the U.S. solar industry as some believe higher import prices will lead to higher production costs and unemployment.
China currently produces approximately 65 percent of the world's solar panels, with Europe being their largest export market. The European Commission last week began an investigation to decide if Chinese manufacturers sold solar products below costs in Europe. That "anti-dumping investigation" covers imports with an estimated value of $27 billion.
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"Although today's decision was partially favorable for Yingli, we are saddened to see the global ramifications of this case. We are in the midst of a global trade war now, and Europe will be defending itself vigorously in the footsteps of the U.S. decision," said Mr. Liangsheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. The company last week announced that their subsidiary, Solar Green Technology of Italy, has completed development of a 12 megawatt PV project known as "Century" in Italy.
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