The European Union and China reached an agreement over the weekend to regulate the sale of solar panels in Europe. European Trade Commissioner Karel De Gucht stated the EU has set a minimum price and a volume limit on imports of Chinese solar panels, which will be effective through 2015. The agreement is seen as a win for Chinese manufacturers as Europe was preparing to implement anti-dumping tariffs that would’ve reached as high as 47 percent. “By setting a floor price, the downward pressure on prices should come to an end,” De Gucht said.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) shares traded in the range of $9.08 to $9.55 Monday before settling to close at $9.28, an increase of 4.39 percent. The stock appears to be facing some resistance at $11.02 with some support at the $9.12 and $8.51 levels. Shares of JA Solar have gained approximately 117.0 percent year-to-date.
More information on JA Solar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JASO
JinkoSolar Holding Co., Ltd. (NYSE: JKS) shares traded in the range of $13.20 to $14.25 Monday before settling to close at $13.84, an increase of 7.37 percent. The stock appears to be facing some resistance at $13.96 with some support at the $13.15 and $10.00 levels. Shares of JinkoSolar have gained approximately 120.0 percent year-to-date.
More information on JinkoSolar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JKS
ReneSola Ltd. (NYSE: SOL) shares traded in the range of $4.42 to $4.70 Monday before settling to close at $4.46, an increase of 3.72 percent. The stock appears to have some support at the $4.32, $3.50 and $2.92 levels. Shares of ReneSola have gained approximately 190.0 percent year-to-date.
More information on ReneSola and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SOL
Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) shares traded in the range of $4.04 to $4.34 Monday before settling to close at $4.05, an increase of 1.00 percent. The stock appears to be facing some resistance at $4.50 with some support at the $3.96 and $3.58 levels. Shares of Yingli Green Energy have gained approximately 72.0 percent year-to-date.
More information on Yingli Green Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/YGE
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