Chinese Solar Stocks Soar as Beijing Cracks Down on Overcapacity ...Middle East

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Chinese Solar Stocks Soar as Beijing Cracks Down on Overcapacity
source : OILPRICE ( Middle East ) () 53
Shares of the top Chinese solar manufacturers surged in Shanghai on Tuesday, following a state media report that China’s authorities plan stricter controls on the bloated manufacturing capacity that has created price wars and massive losses for companies. Shares in Trina Solar (SHA: 688599), the top manufacturer, jumped by more than 9%, JA Solar Technologies (SHE: 002459) surged by 9%, and LONGi Green Energy Technology Co Ltd (SHA: 601012) soared by 6.5%, to name a few. The solar stocks rally followed a Tuesday report by state-run Securities…

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