This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

4 China Solar Stocks to Watch

NEW YORK ( TheStreet) -- LDK Solar (LDK), Trina Solar (TSL - Get Report), Solarfun Power Holding (SOLF) and Yingli Green Energy (YGE - Get Report) gained 17.7%, 15.9%, 15% and 11.6% respectively during the past week. These stocks will likely generate attractive returns for investors in the short-term.

The fact that the Chinese government is promoting clean energy provides investors buying opportunity in the solar sector. China, on its way to reduce reliance on growth driven by energy-driven industries, plans to spend $738 billion over the next decade for developing cleaner sources of energy, according to the head of National Energy Administration's planning and development department.

LDK Solar

LDK Solar, manufacturer of multi-crystalline solar wafers, recently said that the company commenced producing solar cells at its 60-megawatt (MW) facility. The company recently expanded vertical manufacturing facility by installing its first production line of solar cells. The plant would be expanded to 120 MW of production capacity by the third quarter.

The company had revealed that it seeks to increase its output to 18,000 metric tons by the end of 2011, thereby offering a huge potential for the investors. The company has plans to expand capacity for other solar products. On Aug. 30, Lazard Capital Markets reassigned a buy rating to the stock with a target price of $10. Currently the stock is trading around $7.65, highest level since May 2010.

Trina Solar

Trina Solar, maker of solar modules, announced its second quarter financial results on August 24. The company reported earnings per share of 52 cents topping analysts' consensus estimates of 49 cents. Revenue during the quarter surged 147.7% to $370.8 million, ahead of analyst estimates of $338.7 million. For the third quarter, the company expects to ship between 250 MW to 260 MW of photovoltaic (PV) modules.

For full year 2010, the company raised total PV module shipments forecast to be between 900 MW and 930 MW from the earlier estimated 750 MW to 800 MW, reflecting an increase of 126% to 133% from 2009.

On Sept. 3, Jefferies reassigned a buy rating to the stock with a target price of $38. Currently trading at $27.91, the stock has touched its highest level since Jan. 14, 2010.

Solarfun Power Holding

Solarfun Power Holding recently started its PV Distribution channel in the Japanese market through signing a distribution agreement with Fujimi Fine Technology. In addition, Hanwha Chemical, South Korea based solar products producer, announced plans to invest more than 3 trillion won ($2.6 billion) in Solarfun by 2018.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LDK $0.00 0.00%
FSLR $59.79 0.00%
TSL $12.09 0.00%
YGE $1.85 0.00%
AAPL $124.43 0.00%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs