Alert: China Solar Stocks Start To Perk Up
Nicholas Santiago | Oct 05, 2012 12:52AM ET
Chinese solar stocks have lagged the multi-month rally in the U.S. markets. This is partly due to a slowing Chinese economy and also due to anti dumping fines and tariffs placed on these companies. While these stocks may not be the best of breed, they can still bounce. A bounce on these issues can be 25-50% if not more from their current levels. As a high risk play they are extremely interesting and are starting to get action.
China stimulus will continue to come. These stocks could very well be the hidden gem area of the market over the next few weeks. Keep an eye on Trina Solar Limited (ADR)(NYSE:TSL), JA Solar Holdings Co., Ltd. (ADR)(NASDAQ:JASO), ReneSola Ltd. (ADR)(NYSE:SOL) and Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE). These are just a few of the names that perked up Thursday. Notice how a majority of these stocks are trading at or near their 52-week lows. Upside may have already started.
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