SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 10, 2012 08:20 ET

Strong Growth in Solar Benefits LDK Solar and Energy Conversion Devices

The Paragon Report Provides Equity Research on LDK Solar & Energy Conversion Devices

NEW YORK, NY--(Marketwire - Feb 10, 2012) - Solar stocks have been on an amazing run in 2012. The Guggenheim Solar ETF is up more than 40 percent year to date as the industry continues to post impressive growth. According to Kirk Spano, founder and owner of Bluemound Asset Management, LLC, solar is currently producing less than 1 percent of global energy, "but with a growth rate over 35%, big money is pouring into the sector." The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on Energy Conversion Devices, Inc. (NASDAQ: ENER) and LDK Solar Co. (NYSE: LDK). Access to the full company reports can be found at:

China continues to be a driving force behind the solar sector. According to market research firm, Solarbuzz's Asia Pacific Major PV Markets Quarterly for the fourth quarter of 2011, Asia's solar market grew by an impressive 165 percent through all of last year. Over the course of 2011, Solarbuzz estimates that Asia added roughly 6 gigawatts of solar installations, with nearly half coming in the fourth quarter alone.

Solarbuzz observes that nearly half of Asia's added solar capacity came from China, with an estimated 2.9 gigawatts of solar power added

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the solar industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Chinese solar companies are in danger of tariffs imposed by Washington to balance the perceived injustice of Chinese industry subsidies. In late 2011, SolarWorld, joined by a small group of other manufacturers, asked the U.S. Commerce Department to impose duties on imported Chinese solar cells, the components of solar panels.

Ocean Yuan, founder of Grape Solar, recently told The Oregonian that Chinese solar factories have slashed production because of a U.S. threat to slap retroactive tariffs on imports to the United States.

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