Solar Stocks Are Exploding Again

solar china ladies

Solar stocks are exploding after a report from Dow Jones’ Wayne Ma indicated China would begin supporting consolidation and bankruptcies among photovoltaic companies.

That means greater market share for more well-established companies.

The surge comes just a week after solar stocks popped on China announcing another billion-dollar round of subsidies for the industry.

Leading the pack is Suntech, up 16 per cent, followed by LDK up 12 per cent. Yingli and Trina are both up 8 per cent.

Ma reports China’s State Council (or cabinet) issued a statement pledging to reform the industry┬áby encouraging mergers and acquisitions and banning local governments from supporting failing companies.

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 research.businessinsider.com.au.