NEW YORK, NY -- (Marketwire) -- 03/26/12 -- Chinese Solar stocks are coming off a strong week after the Commerce Department announced preliminary tariffs on imported Chinese solar panels that are more modest than anticipated. "This could have been a lot worse," said Aaron Chew, an analyst at Maxim Group LLC, who said some people expected a tariff as high as 10 percent. "The tariffs were totally expected, but this is at levels that are much lower than expected." Five Star Equities examines investing opportunities in the Solar Industry and provides equity research on LDK Solar Co. (NYSE: LDK) and Yingli Green Energy Holding Company Limited (NYSE: YGE). Access to the full company reports can be found at:
Last week the Obama administration imposed import duties of as much as 4.73 percent on solar-energy equipment from China, backing a complaint from U.S. solar makers that said their mainland rivals were receiving improper government subsidies. "The U.S. government's lighter than expected tariffs on China's solar panel imports reflects some degree of rationality, but it has to do more to keep bilateral trade ties from derailing," Chinese state media outlet New China News Agency wrote.
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Several U.S. solar panel makers had asked the government to impose steep tariffs on Chinese imports. The request came after the U.S. industry broke the record for new installations last year, deploying 1,855 megawatts of new solar PV capacity, more than doubling the previous annual record of 887 MW recorded during 2010. According to a recent U.S. Solar Market Insight report from the Solar Energy Industries Association (SEIA) and analyst firm GTM Research, new installations grew 109 per cent in 2011, marking the first time the industry has deployed more than a gigawatt of new capacity in a single year.
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