RenaSola: Clouds Darken China Solar IPO
Aggregated Source: China Stocks News and Analysis from Seeking AlphaLast year was a bright one for Chinese technology companies going public on U.S. exchanges, and particularly so for those in the solar market. The top performing IPO in 2007 was JA Solar Holdings Co. Ltd. (JASO), a small solar cell maker from China's Hebei province whose shares notched a 285% gain for the year.
The climate might be changing. On Tuesday, American Depositary Shares of ReneSola Ltd. (SOL)
-- a Zhejiang province-based maker of the solar wafers used in the
cells made by companies like JA Solar -- began trading on the NYSE with
anything but a bang.
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