SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Nov 30, 2012) - Solar stocks received a boost earlier this week after manufacturers -- JA Solar and Yingli Energy -- in their recent quarterly reports showed Chinese demand for solar products is on the rise. The Market Vectors Solar Energy ETF (KWT) has risen nearly 15 percent in the past week. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on LDK Solar Co., Ltd. (NYSE: LDK) and Trina Solar Ltd. (NYSE: TSL).
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Solar companies have struggled in 2012 as poor economic conditions and increased competition have caused demand for solar cells to fall. Chinese manufacturers have been hit the hardest as complaints from U.S. companies have led to "anti-dumping" tariffs as high as 250 percent on Chinese solar products.
While markets in the U.S. and Europe have slowed, demand for solar products in China remains strong. Despite posting quarterly losses, JA Solar and Yingli Energy shares surged as revenues within China increased. JA Solar reported shipments within China more than doubled quarter-over-quarter, while Yingli Energy reported Chinese sales rose 14 percent sequentially and 28 percent year-over-year. Both companies have plans to expand into Southeast Asian markets in the fourth quarter.
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LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. The company is scheduled to release their third quarter 2012 financial results before market open on December 3, 2012. Shares of LDK Solar have rallied over 30 percent in the past week.
Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. The company reported net revenues in the third quarter declined 13.9 percent sequentially.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer