Boston, MA 03/07/2014 (wallstreetpr) –China Sunergy Co Ltd (NASDAQ:CSUN) was the second largest high mover in the renewable energy equipments segment. The main protagonist for the upsurge was a positive sales forecast for panel shipments by Trina Solar Limited (ADR) (NYSE:TSL) owing to a growing demand from Middle Eastern Asian segments. Many other solar companies responded positively on the stock screener following this positive sentiment.
Emerging Solar Trends In Photovoltaic Industry
The trend is indicating at two major trends within the solar energy industry that are pushing solar stocks higher.
- Firstly, the coming age will see more demand for photovoltaic solar products. According to Colorodo based industry research firm IHS Inc the solar photovoltaic industry will be seeing growing demands throughout 2014. Larger PV makers have already affirmed their plans to expand their photovoltaic capacities.
- Secondly, the emerging markets demand is growing as the next wallet for solar energy makers in the coming years.
China Sunergy’s Edge in the Emerging Markets
China Sunergy Co Ltd (NASDAQ:CSUN)’s Turkish PV plant which it opened in May 2013 recently won a UK Micro-generation certificate. The certificate is not only a recognition for industry standard compliance as a manufacturer of poly crystalline photovoltaic modules it also deliver up to 5kw and is also a gateway to government financing and incentives.
Growth Potential and Conclusion
Positive sentiment and improved pricing can help quality photovoltaic producers gain a firm foothold in global emerging markets however, China Sunergy Co Ltd (NASDAQ:CSUN)’s reach may not be limited to Asia only. Its advances like the regulatory certifications in the UK have brought it at par with larger players like Trina Solar Limited (ADR) (NYSE:TSL). As ad most larger players are focused towards banking on the growing demand in Middle East, China Sunergy Co Ltd (NASDAQ:CSUN) now has a fair European advantage. The improvement in bottom line will help it gain higher highs in the future.
