Chinese solar stocks get pounded
Posted on August 27, 2008 at 07:55 AM EDT
JA Solar ( JASO ): Down $1.03, or 5.7%, to $16.94. Suntech Power ( STP ): Down $2.84, or 6.2%, to $43.13. China Sunergy ( CSUN ): Down 90 cents, or 7.48%, to $11.13. Canadian Solar ( CSIQ ): Down $1.76, or 5.42%, to $30.69. Yingli Green Energy ( YGE ): Down $0.69, or 3.86%, to $17.19. Trina Solar ( TSL ): Down $2.94, or 8.66%, to $31.02. LDK Solar ( LDK ): Down $2.84, or 5.67% to $47.22. Chinese solar stocks suffered an across the board sell off yesterday. I am very interested in the solar industry, but have avoided Chinese solar stocks because of sky high valuations.
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