A good news for Chinese solar industry since data from Digitimes research revealed that in the second quarter of 2013 the demand for solar products will surge in the emerging markets.
The combined solar installations in the United Kingdom, Germany and Italy reached 30 percent of global installations in the first quarter of 2013.
Following the report the Chinese solar stocks remained mixed as the shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) reduced to 2.42 US dollars with 3.8 percent reduction. Trina Solar Limited (ADR) (NYSE:TSL) shares reduced 5.18 US dollars with 2.3 percent reduction, shares in LDK Solar Co., Ltd (ADR) (NYSE:LDK) advanced almost 0.7 percent to 1.36 US dollars per share.
In the emerging markets the combined solar installations also accounted for 30 percent in China, United States and Japan during the first quarter of 2013. The Chinese government is eager to help local firms in decreasing their dependence on US and Europe and that is the reason the government is expanding the local demand.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) in last trading session end up at $2.27 by falling -9.92% with the average volume of 2.46 million shares.
The stock price saw week’s volatility of 11.29% and month’s volatility is 10.42%, while the stock price of the company is moving up from its 20 days moving average with 4.63% and isolated positively from 50 days moving average with 0.16%.
Looking at Analytic Ratios; the price to sales ratio of YGE in past twelve months was calculated as 0.19 and price to cash ratio as 0.72. Company return on equity ratio is recorded as -81.59% and its return on assets is -11.68%, and return on investment is -25.55%.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) in last trading session end up at $1.31 by falling -2.96% with the average volume of 1.35 million shares.
The stock price saw week’s volatility of 10.14% and month’s volatility is 11.04%, while the stock price of the company is moving up from its 20 days moving average with 9.90% and isolated positively from 50 days moving average with -0.88%.
Looking at Analytic Ratios; the price to sales ratio of LDK in past twelve months was calculated as 0.15 and price to cash ratio as 1.49. Company return on equity ratio is recorded as -190.19% and its return on assets is -16.37%, and return on investment is -53.72%.
Trina Solar Limited (ADR) (NYSE:TSL) in last trading session end up at $4.95 by falling -6.60% with the average volume of 2.62 million shares.
The stock price saw week’s volatility of 7.92% and month’s volatility is 8.04%, while the stock price of the company is moving up from its 20 days moving average with 14.53% and isolated positively from 50 days moving average with 19.99%.
Looking at Analytic Ratios; the price to sales ratio of TSL in past twelve months was calculated as 0.30 and price to cash ratio as 0.48. Company return on equity ratio is recorded as -26.30% and its return on assets is -9.28%, and return on investment is -16.38%.
