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Updated from 11:57 a.m. EDT

China-based solar stocks continued to rally on Wednesday.

A report on, however, says analysts are mixed on the sector because while China's government will increase subsidies to the country's solar power industry, questions remain about whether demand is sufficient. An index of China solar stocks that tickerspy maintains was up 59% in the past month.

On Wednesday,

China Sunergy


closed at $3.23, up 18 cents, or 5.90%%.

JA Solar


finished at $3.56, up 19 cents, or 5.64%.

LDK Solar


closed at $7.15, up 81 cents or 12.78%.

Trina Solar


finished at $11.03, up 61 cents or 5.85%.

Suntech Power


closed at $12.59, up 90 cents or 7.70%.

Yingli Green Energy


finished at $6.50, up 48 cents, or 7.97%.


Canadian Solar


, which has substantial business in China, finished at $6.86, up 88 cents for 14.72%.


First Solar


closed at $135.50, up $2.80 or 2.11%.

Energy Conversion Devices

( ENER) of Rochester Hills, Mich., finished at $13.47, up 20 cents or 1.51%.

Omaha, Neb.-based

Green Plains Renewable Energy


was lower by 3 cents to $3.04.