Tag Archives: sol

Chinese solar names bounce back

Shares throughout the world’s emerging markets are bouncing today, but China’s solar industry is leading the pack as euphoria over Europe combines with solid earnings news.

Solar wafer fabricator ReneSola (SOL) reported a first quarter profit that beat consensus by 5 cents a share and gave investors encouraging guidance on pricing trends in the forward half of the year.

Since environmentally conscious Europe is a key market for solar equipment makers, news that the EU is committing up to $1 trillion to keep Greece from turning into another Lehman Brothers is also boosting solar stocks.

Beyond SOL, LDK Solar (LDK), Yingli Green Energy (YGE) and Suntech Power (STP) are all up 7% to 10%: