Vishal Shah News
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Solar companies led a rally in Chinese stocks traded in New York after Deutsche Bank AG said the outlook of demand for the renewable energy is improving.
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Canadian Solar Inc., the Ontario- based solar-panel company with manufacturing operations in China, rose to a 22-month high as surging demand in Japan helped boost first-quarter shipments beyond the company’s forecast.
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The Italian government may delay the introduction of a new bill reducing premium tariffs and spending targets for solar energy by three months, according to a Deutsche Bank AG analyst.
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Solar stocks rose on anticipation that lower-than-expected subsidy cuts in Germany will spur demand while an oversupply of panels may lead to consolidation.
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Solar companies rose on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
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Solar companies climbed this week on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
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Solar panel prices will stop falling after a slump last year pushed them to unprofitable levels, forcing producers to cut output, according to Deutsche Bank AG.
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The wind-turbine components maker American Superconductor Corp. fell the most in two decades after its largest customer refused to accept a shipment and its stock was downgraded.
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U.S. stocks fell, following yesterday’s drop in the Standard & Poor’s 500 Index, as investors watched economic reports ahead of Federal Reserve Chairman Ben S. Bernanke’s speech on the economy in three days.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
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