Solar Power Shares Outperform as Demand Grows

Solar Stock Market

Solar Stock Market

Source: Real Edge Magazine

Solar stocks showed remarkable meeting for the second session on Wednesday after Cowen and Co. analyst Robert Stone upgrade shares of Trina Solar Limited (ADR) (NYSE:TSL) to an Smash rating from Bazaar Perform and raised its price target to $10 from $5.80.

The stock had also given a increase to the industry on Tuesday after it reported a smaller quarterly loss as it shipped more solar panels to newer markets such as Japan, China and India.

In other news last week, the Ministry of Industry and Information Technology said China’s solar industry may renew this half as use grows abroad and local order takes off.

By the close of fresh trade, Trina Solar Limited (ADR) (NYSE:TSL) manage to keep its gain at +14.71% to settle at $8.97. The stock has day range $7.82 and $9.19.

ReneSola Ltd. (ADR) (NYSE:SOL) gain +7.67% to a close of $4.21. The stock has day range $3.90 and $4.33.The stock has 52 week range $1.08 and $4.33.

Read the full article here.

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