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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