|14:30 EDT||YGE, ESLR, LDK, FSLR, TSL, CSIQ, STP, SPWR, JASO||Solar stocks rise after Wacker highlights strong polysilicon demand|
Solar energy companies are climbing after chemical company Wacker Group stated that it had sold more polysilicon than expected last month, as demand for the material from solar energy companies had increased. Polysilicon is used as feedstock material in most solar energy applications. Germany's Wacker has responded to the increase in its polysilicon orders by increasing the length of shifts at its polysilicon facilities in Burghausen, Germany and increasing its production capacity. "Our (polysilicon) order intake has increased so much over the last few weeks that plant-utilization levels are currently insufficient to produce the quantities ordered," Wacker Polysilicon President Ewald Schindlbeck stated. Separately, The Financial Times reported that bonds backed by cash flows generated from leasing solar panels could be introduced this year. In mid-afternoon trading, First Solar (FSLR) rose 6.5% to $32.40, SunPower (SPWR) surged 12% to $8.90, Canadian Solar (CSIQ) rose 4% to $4.90, and Yingli (YGE) advanced 5.50% to $3.25.