Chinese solar stocks surged last Friday after Trina Solar and Yingli Green Energy received upgrades from Deutsche Bank. Additionally on Sunday, China's Ministry of Finance announced that it will offer tax breaks to solar power manufacturers. From Oct. 1, 2013 to Dec. 31, 2015 producers of solar power products would receive immediate refunds of 50 percent of the value-added taxes, according to a statement from the ministry.
Canadian Solar Inc. (NASDAQ: CSIQ) shares traded in the range of $15.21 to $16.80 Friday before settling to close at $16.72, an increase of 9.50 percent. The stock appears to be facing some resistance at $18.67 with some support at the $15.95 and $13.77 levels. Shares of Canadian Solar have gained approximately 390.0 percent in 2013.
More information on Canadian Solar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CSIQ
China Sunergy Co. Ltd. (NASDAQ: CSUN) shares traded in the range of $3.19 to $4.31 Friday before settling to close at $4.21, an increase of 29.14 percent. The stock appears to have some support at the $3.53, $3.17 and $2.98 levels. Shares of China Sunergy have gained approximately 195.0 percent in 2013.
More information on China Sunergy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CSUN
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) shares traded in the range of $9.60 to $10.34 Friday before settling to close at $9.88, an increase of 4.11 percent. The stock appears to be facing some resistance at $11.02, with some support at the $9.48 and $8.93 levels. Shares of JA Solar have gained approximately 130.0 percent in 2013.
More information on JA Solar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JASO
LDK Solar Co., Ltd. (NYSE: LDK) shares traded in the range of $1.46 to $1.55 Friday before settling to close at $1.49, an increase of 0.68 percent. The stock appears to be facing some resistance at the $1.50 and $1.58 levels with some support at $1.43. Shares of LDK Solar have gained approximately 3.5 percent in 2013.
More information on LDK Solar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LDK
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