China Solar Stocks Rise on Bets Installation Curbs Will Ease
A farmer tends to tomato plants growing under an array of solar panels at a solar project in the Kubuqi Desert, Inner Mongolia, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese solar shares extended their recent gains amid speculation the government will relax caps on renewable installation, improving the outlook for the sector.
Xinyi Solar Holdings Ltd. and Flat Glass Group Co. both jumped at least 8% in Hong Kong after analysts at firms including JPMorgan Chase & Co. and Daiwa Securities Group Inc. cited market speculation China will allow a curtailment rate of more than 5% for power generated from renewable projects including solar farms. That should improve the outlook for solar installation, they said.