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Chinese Solar Companies Decline as Suntech Power Declares Bankruptcy

RDInvesting Provides Stock Research on ReneSola and Suntech Power

NEW YORK, NY -- (Marketwire) -- 03/29/13 -- Chinese solar equities have experienced a sharp decline in recent weeks as Suntech Power's recent bankruptcy has raised concerns that other Chinese manufacturers may be over-leveraged. Ticker Spy's Chinese Solar Stocks Index (CHSOL) has fallen over 35 percent in the past month. Research Driven Investing examines investing opportunities in the Chinese Solar Industry and provides equity research on ReneSola Ltd. (NYSE: SOL) and Suntech Power Holdings Co., Ltd. (NYSE: STP).

Access to the full company reports can be found at:
www.RDInvesting.com/SOL
www.RDInvesting.com/STP

The China Daily recently reported that the China Banking Regulatory Commission (CBRC) has warned banks to "pay close attention to the credit risks in key industries affected by the economic downturn and hit by overcapacity woes." In an attempt to protect themselves from risks associated with the solar industry Chen Yuan, chairman of China Development Bank, has stated his bank will begin to curb new loans to solar panel manufacturers.

"There clearly will be pressure on other Chinese stocks with heavily leveraged balance sheets and non-existent cash flows," said Gamco's Gabelli Green Fund, David Smith, by e-mail March 22nd according to Bloomberg. "The outlook also is strained by Suntech continuing its production. Suntech probably will have to discount their panels more to sell them, putting downward pressure on market pricing."

Research Driven Investing releases regular market updates on the Chinese Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. The company recently announced it has signed a RMB320 million (approximately US$50.9 million) loan agreement with China Development Bank. Shares of ReneSola have fallen nearly 40 percent in the past month.

Suntech Power has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Shares of the company have fallen over 65 percent year-to-date. Suntech power is expected to release results for the fourth quarter and full year 2012 on Monday, April 1st.

Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.rdinvesting.com/disclaimer

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