Solar Stocks Rallying In Midday Trading: HSOL, JKS, SOL, JASO, CSIQ

Solar stocks are jumping today following news that panel prices are stabilizing and demand in Italy and the U.S. is increasing. Many solar companies took a big hit last year as prices of solar panels fell dramatically and cut into companies profits management.

Hanwha SolarOne Co., Ltd (NASDAQ:HSOL) is up 41.60% in midday trading at $1.77. HSOL has traded 2.6 million shares so far today, three times its average volume. HSOL shares are up more than $0.70 in the past few days. The company has a market cap of 159.50 million.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) is up 37.04% today at $7.14. JKS has traded 1.9 million shares so far today, four times its daily volume. JKS shares have jumped more than $2 a share since last week. The company has a market cap of 162.28 million.

ReneSola Ltd. (NYSE:SOL) is up 27.91% today at $2.20. SOL has traded 4.6 million shares today, well above its daily average of 1.5 million shares. The company has a market cap of 196.03 million.

JA Solar Holdings Co. Ltd (NASDAQ:JASO) is up 27.08% today at $1.83. JASO is up on heavy volume today with 10.1 million shares traded. The stock trades 3.8 million shares a day on average. The company has a market cap of 298.03 million.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 14.52% in midday trading at $3.55. CSIQ has traded 2.8 million shares so far today, nearly 3 times its daily average. CSIQ shares are up nearly $0.80 in the past week. The company has a market cap of 154.49 million.

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Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.
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