Trina Leads Solar Stock Rally on Subsidy Policy: China Overnight
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Trina Solar Ltd. rose to a three-month high, leading a weekly rally among Chinese solar manufacturers in New York as the Asian nation moves to boost subsidies for the industry.
Trina, China’s largest profitable panel maker, surged 14 percent last week, the most since May. Yingli Green Energy Holding Co., the world’s biggest producer, gained 12 percent. Daqo New Energy Corp. rose 10 percent. The Bloomberg China-US Equity Index added 3.6 percent since Aug. 29.