Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Chinese solar stocks get pounded

by Tony Sagami on August 26, 2008

in Asian Market, Stock Market in China

  • 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, buthave avoided Chinese solar stocks because of sky high valuations.

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