Yesterday Chinese solar stocks rallied on strong volume despite the recent news of the European Commission investigating the possibility of lifting the minimum price agreement for several China based solar module suppliers, which would impose tariffs up to 47% on modules entering the EU.
The reason for the rally is that the Chinese National Energy Administration (NEA) released its official solar installation target for 2015, with a higher than expected target of 17.8GW (up 20% from the original goal of 15GW).
This seems to boost solar consumption and offset slow demand from the eurozone, trading disputes with the US, in addition to fighting China's pollution problem. Might this be a good entry point for Chinese solar stocks? Notably CSIQ (Canadian Solar), which just released plans to convert some of their projects into a Yield Co?
Submitted March 18, 2015 at 02:24PM by naissur http://ift.tt/1BWuTJI
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