Solar Industry Suffers as Investors React to Chinese Manufacturing Numbers

NEW YORK, NY -- (Marketwire) -- Apr 25, 2012 -- After producing gains for investors at the beginning of the year solar companies across the board have seen some significant losses recently. Chinese solar companies tumbled this week as recent data suggested that manufacturing in China was shrinking, underlying concerns of China's growing economic problems. Shares of U.S. Based First Solar Inc. also took a beating after they were downgraded to "sell" by Maxim Group LLC. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on Suntech Power Holdings (NYSE: STP) and JinkoSolar Holding Co. (NYSE: JKS).

Access to the full company reports can be found at:

www.FiveStarEquities.com/STP
www.FiveStarEquities.com/JKS

The China Purchasing Managers Index showed a preliminary reading of 49.1, according to HSBC Holdings Plc and Markit Economics, signaling that manufacturing in China has contracted for the sixth consecutive month. This reading supports the growing concerns that the second biggest economy in the world may continue to falter. "Investors and analysts are trying to determine who are going to be the survivors in the industry in the long term," said Michael Obuchowski, chief investment officer at First Empire Asset Management. "The manufacturing numbers out of China are apparently panicking people and downgrades don't help either."

Five Star Equities releases regular market updates on the Credit Services Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Suntech Power Holdings Co. produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 20,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels.

JinkoSolar Holding Co. is a solar product manufacturer. The Company has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. Its principal products are silicon wafers, solar cells and solar modules. The Company sells its products in China and to overseas markets.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.fivestarequities.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact: 
Five Star Equities 

Email Contact 





Review Article Be the first to review this article

Bentley: Jump start your Infrastructure Career

Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
In May, Canada Disappoints Once Again on the Rehiring Front
Jobs
Technical Sales Representative for Rulon International at Saint Augustine, Florida
Senior Highway Engineer for RS&H at Jacksonville, Florida
Construction Sales Executive for Microdesk at Los Angeles, California
Senior Software Developer (Revit API) for Microdesk at Boston, Massachusetts
GPS and Mobile GIS Sales Development for Duncan-Parnell Inc. at Charlotte, North Carolina
Regional Sales Manager (Eastern North America) for Teledyne Optech at Kiln, Mississippi
Upcoming Events
MCA 2021 Virtual Summer Meeting, June 14-16 at United States - Jun 14 - 16, 2021
World Architecture Festival at United States - Jun 23 - 25, 2021
ProjectWise User Conference 2021 (Virtual) at 685 Stockton Drive Floor 2 Exton PA - Jul 13 - 16, 2021
Kenesto: 30 day trial
Jumpstart Solar Panel
UAV Expo2021 -Register   & save
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise