Strong Growth in Solar Benefits LDK Solar and Energy Conversion Devices
February 10 2012 - 8:20AM
Marketwired
Solar stocks have been on an amazing run in 2012. The Guggenheim
Solar ETF is up more than 40 percent year to date as the industry
continues to post impressive growth. According to Kirk Spano,
founder and owner of Bluemound Asset Management, LLC, solar is
currently producing less than 1 percent of global energy, "but with
a growth rate over 35%, big money is pouring into the sector." The
Paragon Report examines investing opportunities in the Solar
Industry and provides equity research on Energy Conversion Devices,
Inc. (NASDAQ: ENER) and LDK Solar Co. (NYSE: LDK). Access to the
full company reports can be found at:
www.paragonreport.com/ENER www.paragonreport.com/LDK
China continues to be a driving force behind the solar sector.
According to market research firm, Solarbuzz's Asia Pacific Major
PV Markets Quarterly for the fourth quarter of 2011, Asia's solar
market grew by an impressive 165 percent through all of last year.
Over the course of 2011, Solarbuzz estimates that Asia added
roughly 6 gigawatts of solar installations, with nearly half coming
in the fourth quarter alone.
Solarbuzz observes that nearly half of Asia's added solar
capacity came from China, with an estimated 2.9 gigawatts of solar
power added
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the solar industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Chinese solar companies are in danger of tariffs imposed by
Washington to balance the perceived injustice of Chinese industry
subsidies. In late 2011, SolarWorld, joined by a small group of
other manufacturers, asked the U.S. Commerce Department to impose
duties on imported Chinese solar cells, the components of solar
panels.
Ocean Yuan, founder of Grape Solar, recently told The Oregonian
that Chinese solar factories have slashed production because of a
U.S. threat to slap retroactive tariffs on imports to the United
States.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Accretion Acquisition (NASDAQ:ENER)
Historical Stock Chart
From Sep 2024 to Oct 2024
Accretion Acquisition (NASDAQ:ENER)
Historical Stock Chart
From Oct 2023 to Oct 2024