Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,831.59
    -45.46 (-0.58%)
     

  • Bitcoin USD

    64,801.01
    +3,234.15 (+5.25%)
     

  • CMC Crypto 200

    1,334.31
    +21.68 (+1.68%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,394.90
    -3.10 (-0.13%)
     

  • Crude Oil

    82.46
    -0.27 (-0.33%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Solar Stocks Are Exploding Again

Rob Wile

Solar stocks are exploding after a report from Dow Jones' Wayne Ma indicated China would begin supporting consolidation and bankruptcies among photovoltaic companies.

That means greater market share for more well-established companies.

The surge comes just a week after solar stocks popped on China announcing another billion-dollar round of subsidies for the industry.

Leading the pack is Suntech, up 16 percent, followed by LDK up 12 percent. Yingli and Trina are both up 8 percent.

Ma reports China's State Council (or cabinet) issued a statement pledging to reform the industry by encouraging mergers and acquisitions and banning local governments from supporting failing companies.

ADVERTISEMENT

SEE MORE: Why Everyone's Losing Hope For Green Energy >



More From Business Insider