Solar Winners: Chinese Solar Stocks
January 18, 2011 2:18 PM
(TheStreet) -- Shares of Chinese solar stocks, including shares of Trina Solar (NYSE: TSL), JA Solar (NASDAQ: JASO) and Yingli Green Energy (NYSE: YGE), were rising on Tuesday morning after the latest chatter about potential feed-in tariff cuts in Germany made a hard cap on solar installations seem less likely, and suggested that another classic boom-and-bust cycle in Germany could play out in 2011.
Yingli Green Energy and Trina Solar were both up as much as 6% to 7% in early trading.
It wasn't just the noted low-cost vertically integrated module leaders rising in Tuesday morning trading.
LDK Solar (NYSE: LDK) was up the most among Chinese solar stocks, with an 8% gain, and JA Solar was up by 5%.
It was an across-the-board bet on low multiple Chinese solar stocks on Tuesday, and it's not a big surprise in solar, where a rising tide has a history of lifting all boats.
