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AI Customer Service(Bloomberg) -- Shares of Chinese solar manufacturers surged this week
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Shares of China’s solar manufacturers surged this week amid optimism the government will step in to curb production to help rein in a output glut.
China's solar photovoltaic market is fragmented. Some of the major key players in the market include Trina Solar Limited, JinkoSolar Holding Co. Ltd, Wuxi Suntech Solar Power Co., Ltd., China Sunergy Co., Ltd., and JA Solar Holdings Co. Ltd., among others.
Stocks of several Chinese solar companies surged on Wednesday amid rumours that Beijing will unveil new rules for solar photovoltaic (PV) manufacturing to curb oversupply and a price war in the sector. Xinyi Solar jumped 12 per cent to HK$3.80, and GCL Technology Holdings rallied 25 per cent to HK$1.50 in Hong Kong.
“If these are all true, it will send a positive signal to the solar PV industry, as such policies will suppress the continued decline of solar PV prices,” said Lin Boqiang, dean of Xiamen University’s China Institute for Studies in Energy Policy.
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