JA Solar Holdings Co., a Chinese solar manufacturer, said first-quarter shipments will be higher than the company’s earlier forecast.
Trina Solar Ltd. cut its forecast for panel shipments, the second Chinese solar manufacturer to do so since yesterday.
LDK Solar Co., the Chinese manufacturer that failed to pay a maturing bond at the end of February, said today that holders of 60 percent of the notes’ principal have agreed to a restructuring deal.
JA Solar Holdings Co., the biggest solar cell producer, rose after reporting its first profit since the first quarter of 2011 and shipments exceeded its forecast by as much as 33 percent.
Youku Tudou Inc. rallied the most in a week in New York after NetEase Inc. reported that Tencent Holdings Ltd., Asia’s largest Internet company, bought a 20 percent stake in the Chinese video website.
Solar manufacturers are returning to profit as demand in China soaks up a supply glut that gutted margins for more than two years.
Shanghai Chaori Solar Energy Science & Technology Co. said it may not be able to make an 89.8 million yuan ($14.6 million) interest payment in full on March 7, in what would be the first default of an onshore bond.
Trina Solar Ltd., China’s second- largest photovoltaic panel maker, expects shipments of modules to increase as much as 47 percent this year on surging demand in Asia and the Middle East.
Trina Solar Ltd., the second- largest panel maker, sold its first utility-scale photovoltaic project in China.
A survival of the fittest struggle is emerging as China’s renewable energy industry faces a record $7.7 billion in bonds maturing this year.
Auriga’s Bachman Discusses China’s Solar Stocks