European Union countries approved a deal with China to curb imports of Chinese solar panels, bringing to an end the EU’s biggest trade dispute of its kind.
LDK Solar Co., the second-biggest maker of solar wafers, said its third-quarter loss narrowed and it expects sales to rise on higher shipments.
Trina Solar Ltd., China’s second- largest panel maker, returned to profit for the first time in two years and raised its shipment forecast 11 percent.
Chinese stocks rose for a second day in New York, led by solar manufacturers, after growth in the Asian nation’s industrial output unexpectedly gathered pace.
Chinese equities fell for the first time in three days in New York as a Communist Party meeting failed to produce the details to a planned policy shift that investors sought.
Chinese stocks advanced in New York, led by Suntech Power Holdings Ltd. and Yingli Green Energy Holdings Ltd., on prospects a global oversupply of solar panels is easing.
Solar industry manufacturers are rebounding from a two-year slump faster than technology companies recovered from the dot-com bubble of the late 1990s.
The European Union is poised to penalize imports of Chinese solar products, a move that would increase Europe’s cost for most photovoltaic panels an estimated 45 percent overnight.
Chinese equities sank in New York as NQ Mobile Inc. extended its three-day plunge to 62 percent after Muddy Waters LLC accused it of fabricating revenue, while Sohu.com Inc. tumbled on plans to boost marketing expenses.
A bankruptcy trustee for Energy Conversion Devices Inc. sued three Chinese companies, claiming their price-fixing and dumping drove the U.S. solar-panel maker out of business.
Auriga’s Bachman Discusses China’s Solar Stocks