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Solar Stocks Reflect Volatility of EU Dispute

Solar Stocks Reflect Volatility of EU Dispute

Chinese solar stocks continued their impressive rally after The New York Times reported that the U.S. and Europe agreed to negotiate a deal with China rather than hitting its solar-panel makers with punitive tariffs. However, a recent report from Reuters claims that Europe and the United States both said on Tuesday they were not holding coordinated talks to negotiate an end to a trade dispute with China over the dumping of solar panels onto their respective markets.

The latest good news was from Yingli Green Energy (YGE) as said yesterday it expects first-quarter shipments to fall 6% to 7% from fourth quarter of 2012, beating its original forecast for a fall of more than 10%. On Monday, the boost in solar stocks was attributed to better-than-expected results from JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO).

The noteworthy thing in the industry was that other than Chinese solar firms came under pressure on Tuesday amid a report from Lux Research predicted China will beat Germany to become the biggest solar power market by 2018 with the U.S. jumping to No. 2 as the industry’s supply glut evaporates.

The solar industry extended gains seen last week when it had a bunch of good news as SunPower issued 2013 guidance above estimates, SolarCity signed a big financing deal, and LDK Solar finally announced 2012 earnings.

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