Solar Stocks Are Soaring After China Announces New Subsidies

china solar subsidies

Photo: FT

China announced it will increase subsidies for solar companies by $1.11 billion (7 billion yuan), according to multiple news outlets.Solar company stocks are surging on the news, including:

  • JA Solar Holdings, +17 per cent 
  • LDK Solar Co., +16 per cent
  • Yingli, +19 per cent
  • Suntech, +12 per cent

Even Arizona-based First Solar is up 5 per cent.

The new infusion brings China’s total solar subsidies for 2012 to $2.08 billion, according to Xinhua.

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

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at