Chinese Solar Stocks Slide After Big Shanghai Mkt Tumble

Shares of China-based solar stocks are down across the board today after the Shanghai stock market fell 6.7% overnight on fears that the country’s economic growth could slow due to a slowdown in lending growth. Acording to Bloomberg, former Morgan Stanley Asian economist Andy Xie said the China market could drop another 25%, on top of a 22% slide in August.

Among the China-based solar names:

• JA Solar (JASO) is down 14 cents, or 3.9%, to $3.48.


• LDK Solar (LDK) is down 32 cents, or 3.5%, to $8.92.


• China Sunergy (CSUN) is down 29 cents, or 6.3%, to $4.29.


• Suntech (STP) is down 78 cents, or 5.2%, to $14.27.


• Canadian Solar (CSIQ) is down 60 cents, or 4%, to $14.59.


• Yingli Green Energy (YGE) is down 46 cents, or 4.2%, to $10.56.


• ReneSola (SOL) is down 9 cents, or 1.6%, to $5.64.