BUZZ-Solar stocks: Fall on weak Chinese economy data

Tue Jan 20, 2015 3:05pm EST
 
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** U.S.-listed shares of Chinese solar companies down 3-11pct after data shows China's economy grew at its slowest pace in 24 years in 2014

** The world's second-largest economy grew 7.4 pct in 2014, barely missing its official 7.5 pct target, official data showed

** "Not that there was anything surprising here, but the headline is "certainly negative for sentiment on anything that's China-related," Raymond James analyst Pavel Molchanov says

** "A combination of the lower China growth and lower oil prices, that's really why you are seeing a significant weigh down on the Chinese names," S&P Capital IQ analyst Angelo Zino says

** Daqo New Energy Corp down 10.6 pct, Canadian Solar Inc down 9.8 pct, JinkoSolar Holding Co Ltd down 6.5 pct

** Trina Solar Ltd down 5 pct, JA Solar Holdings Co Ltd down 4 pct, Yingli Green Energy Hold Co Ltd down 3.5 pct