Solar Sector On Fire as Traders Getting More Optimistic

The Guggenheim Solar ETF TAN is up more than 6.5 percent Thursday afternoon. Elsewhere in the sector:
  • First Solar FSLR - up 5 percent
  • Canadian Solar CSIQ - up 13 percent
  • SolarCity SCTY - up 6 percent
  • SunPower SPWR - up 6.6 percent
  • JinkoSolar JKS - up 7.4 percent
  • Trina Solar TSL - up 9 percent
  • Yingli YGE - up 22 percent
  • ReneSola SOL - up 11 percent
  • Hanwha HSOL - up 16 percent
  • China Sunergy CSUN - up 12 percent
Investors are responding to a number of factors Thursday morning following the New Years holiday break:
  • news Solar World Industries America has applied to US Commerce Department, ITC for anti-dumping, anti-subsidy probes into solar-battery products imported from China, Taiwan;
  • a deal between Canadian Solar and TransCanada which will create TransCanada's fourth solar facility;
  • the first auction of solar sites in Brazil, totaling around $250 million; and
  • a report suggesting polysilicon spot prices are now at a 15-month high.
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