Solar Stocks Rally on German Installs, Chinese Plans to Double
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Solar companies rose on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
The Bloomberg Global Leaders Solar Index of 37 companies rose 7.2 percent to $47.93 at the close in New York, its third straight day of gains, led by Energy Conversion Devices Inc.’s 39 percent increase and Hanwha SolarOne Co., which gained 37 percent. The index has climbed 16 percent this year after falling 59 percent in 2011.