Solar panels on every house across the GLOBE? I certainly would like to reduce my utility bills. What would the landscape look like with solar panels on every rooftop? The country would be a cleaner and better place using the sun’s energy to put back into the world! 🙂
The investment “KWT” seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Solar Energy index. The fund normally invests at least 80% of total assets in equity securities, which may include depositary receipts, of U.S. and foreign companies primarily engaged in the production of solar power. It is non diversified.
Government Comments Send Chinese Solar Stocks Soaring
Chinese solar stocks soared on Thursday after the Chinese government stated support for solar initiatives
According to a report in Digitimes, the Chinese government has shown a strong interest in the development and support of solar energy. No details were offered regarding a time schedule or plans for government subsidies. Still, the news has sent Chinese solar stocks higher.
As a whole, tickerspy’s Chinese Solar Stocks Index is up by 27.1%. Among the leaders are Suntech Power Holdings (NYSE: STP – News) and Yingli Green Energy (NYSE: YGE – News), with gains of 38% and 35% respectively. Even the laggards in the Index today, JA Solar (Nasdaq: JASO – News) and Canadian Solar (Nasdaq: CSIQ – News) are posting gains north of 17%.
Solarfun Power Holdings (Nasdaq: SOLF – News) is up 20% despite analyst comments on liquidity concerns. Citing a difficult operating environment, Jeffries notes that the company faces cash issues relating to an acquisitions payment and ongoing CapEx demands.
Meanwhile, a number of Chinese solar stocks, including China Sunergy (CSUN) and LDK Solar (NYSE: LDK – News), have faced the pressure of declining inventory value as a result of the global economic downturn. However, this news too has been shrugged off amid the rebound, as LDK is surging ahead with gains of over 33%. China Sunergy is also a top performer with a gain of 29%.
As of this writing, the Chinese Solar Index is up about 57% over the last month, easily outpacing the performance of tickerspy’s other Chinese stock Indexes.
Investors can follow the Chinese Solar Stocks Index and view related performance charts and metrics at tickerspy.com
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