Solar Stocks Are Soaring After China Announces New Subsidies

china solar subsidies

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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.

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