SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Sep 5, 2012) - China's economy has experienced a major slowdown in 2012. The world's second largest economy in the April-June quarter expanded at a rate of 7.6 percent, the slowest rate of growth in 6 quarters. The Paragon Report examines investing opportunities in the Chinese Solar Industry and provides equity research on JA Solar Holdings Co., Ltd. (NASDAQ: JASO) and JinkoSolar Holding Co., Ltd. (NYSE: JKS).
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Chinese solar stocks have struggled in 2012 as numerous complaints from the U.S. and Europe have led to anti-dumping duties, ranging from 31 percent to 250 percent, on Chinese solar manufacturers. It was recently reported by the Xinhua News Agency that a number of Chinese solar companies have requested the Chinese government to probe polysilicon dumping by German manufacturers.
"Solar manufacturers worldwide are operating with production capacity that exceeds demand by at least two to one," Pavel Molchanov, a Raymond James & Associates analyst, said in a recent interview.
"It's very hard for these companies to remain profitable under those conditions."
Paragon Report releases regular market updates on the Chinese Solar 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
JA Solar Holdings is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. Total shipments in the second quarter of 2012 were 418 MW, in line with the low end of the company's previously provided guidance of 420 MW to 440 MW.
JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon wafers, solar cells and solar modules as of June 30, 2012. The company was recently chosen to supply 1 megawatt of panels to power the first ever off-grid utility scale photovoltaic system in South Africa.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: