Driven by China's distributed power generation subsidies exceeding expectations and better-than-expected performance of listed companies, the solar sector in the US market has risen against the trend.
The National Development and Reform Commission issued the "National Perfect Photovoltaic Power Generation Price Policy" on Friday, clarifying that the distributed photovoltaic power generation subsidy price is 0.42 yuan / kWh, which is much higher than the previous market expectations, 0.35 per kWh in the consultation draft. The subsidy standard for the yuan has increased by 20.
Last Friday, Huihui Sunshine reported that its losses in the second quarter of fiscal 2013 narrowed, mainly due to the increase in shipments in the Asian market and the increase in the price of solar wafers and components. The company's net loss for the quarter fell to $21.1 million from $34.8 million in the same period last year; company revenue increased from $233 million in the same period last year to $377 million, an increase of 61.8.
Yingli New Energy released a financial report saying that the company's loss in the second quarter of fiscal 2013 was narrowed compared with the same period of the previous year, benefiting from the increase in demand for solar panels in China. It is expected that China's solar power generation will more than triple in the next two years. The financial report shows that the company's net loss in the second quarter of fiscal 2013 narrowed to $52.3 million from $90.2 million in the same period last year; operating income increased by $13 to $550.4 million.
Driven by these positives, the solar sector in the US stock market has strengthened against the overall trend. Sun Hui Sunshine closed up 8.41, leading the solar sector. Jinko Energy closed up 4.66 to close at $15.95; Artes Solar closed up 3.47; closed at $12.51; Yingli New Energy closed up 2.38 to close at $4.30; China Light and Power's PV rose slightly by 0.80 to close at $2.53; Hanwha New Energy closed flat at $2.90; Wuxi Suntech closed and closed at $1.03.
Domestic A-share related listed companies mainly include Longji, Hareon Photovoltaic, Yijing Optoelectronics and Tuo Rixin.
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