|By Marketwire .||
|January 7, 2013 08:20 AM EST|
NEW YORK, NY -- (Marketwire) -- 01/07/13 -- Solar stocks have started the year with an impressive run after a dismal 2012. China's urbanization plans are expected to create new energy demand in 2013. The Guggenheim Solar ETF (TAN) has surged nearly 20 percent in the past week. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on Canadian Solar Inc. (NASDAQ: CSIQ) and JA Solar Holdings Co., Ltd. (NASDAQ: JASO).
Vice Premier Li Keqiang has been pushing China's urbanization as a key factor in the nation's economic growth. China's Southern Metropolis Daily recently reported by 2020 the nation's urbanization plans is expected to create $6.24 trillion worth of investment. To support the industry the Chinese government last month confirmed a second round of subsidies will be provided to over 100 developers of solar projects.
"What these programs do in China is creating domestic demand," said Dave Smith the portfolio manager of the Gabelli Green Fund. "It's positive for stock prices in the short term because they give a sense of confidence that these companies will be generating higher volumes."
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As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. The company has recently purchased two solar power projects totaling 24 MW from SunEdison.
JA Solar is one of the world's largest producers of solar cells. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The company shipped 1.69 gigawatts of solar power products in 2011. JA Solar last month announced it has commenced solar module shipments from successful bids totaling 40MW to China Three Gorges New Energy Corporation.
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