TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corporation (Pink Sheets: EVSO) announced today that solar stocks rallied on news of what is expected to become the largest on-grid solar power station in China. Shares of China Technology Development Group Corp. (NASDAQ:CTDC) rose as much as 39% Friday after the company announced it signed an agreement with another China based solar-power company, Qinghai New Energy Group Co., to build a new 30 MW solar-power station.
"Evolution Solar Corporation's Xiemen Group has been very successful in sourcing every aspect of solar not only in China but throughout Asia to include Solar Panels, cells, wafers, ingots, racking/tracking equipment, inverters, and silicon. Our office in Shanghai continues to focus on solar hot water heaters and wind turbines and their components. We are also working very hard to introduce our solar air conditioning unit to the U.S. market in the first quarter of 2009," stated Michael Franklin, director of Asian Operations.
The rally in solar stocks extended across the entire solar industry. First Solar (NASDAQ:FSLR), the largest manufacturer of thin film, saw its stock rise $13.54 per share, U.S. solar equipment maker GT Solar Int. (NASDAQ:SOLR) was up 24.6%, U.S. cell maker SunPower Corp. (NASDAQ:SPWRA) was up 12.8%, and Chinese solar cell maker JA Solar Holdings Co. Ltd. (NASDAQ:JASO) closed up 12.6%
Tuesday, January 06, 2009
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