| 1. What are the two key mistakes beginners make in
reading trends? 2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns? Answer these questions and more with your FREE 10 day trading course |
Wedge Partners Says China Solar Companies Slowing Production
According to Barrons, Wedge Partners was out with a research note this morning saying that the China based solar companies are slowing production in anticipation of falling demand and prices.
Some highlights:
- Suntech (STP) is laying off about 10% of its employees, idled half its production lines and shelved plans to expand to 1.2GW by the end of the year
- JA Solar (JASO) is seeing customer orders down drastically and half of its production lines closed
- Yingli Green Energy (YGE) has postponed plans to expand to 600MW which it just announced a month ago
- Trina Solar (TSL) halted plans to expand to 700MW
This industry was in great need of a shakeout and its time to start keeping an eye on those solar companies that will emerge as the winners as the industry matures and the economy improves. I like First Solar (FSLR) and Energy Conversion Devices (ENER) as individual plays while the Claymore Global Solar ETF (TAN) and Market Vectors Solar ETF (KWT) offer good diversified approaches.
|
|
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
No comments yet.
Leave a comment