Higher oil prices, increased interest from China and improvements in the financing environment led to a rally in solar stocks on Wednesday, according to a Reuters report.
Companies that saw a boost in shares include Suntech Power Holdings (NYSE: STP), LDK Solar (NYSE: LDK) and Evergreen Solar (Nasdaq: ESLR), which shot up 19%.
Oil prices closed above $71 a barrel and the Chinese government is preparing to offer a feed-in tariff to incentivize the adoption of photovoltaic solar.
Read the full report at the link below.
Website: http://planetark.org/wen/53313
(Visited 2,588 times, 2 visits today)
Loading...