BONN, Germany (TheStreet) -- SolarWorld, the German solar sector leader, announced today that its sales topped the Euro $1 billion level for the first time in 2009, driving stocks across the solar sector higher in the U.S. on Tuesday morning. In the previous year, SolarWorld had sales of Euro $900 million.
More from Eric Rosenbaum Goldman Strong Buy Pushes Tenet HigherCommodities: The Comeback Kid of 2010?Which Health Stock Will Be Healthiest in 2010?New Year, Same Old Chinese Solar GainsEuropean Banks Rise to Begin 2010 Market Activity Yingli Green Energy Holding Company Limited| YGE UPFirst Solar Incorporated| FSLR UPJA Solar Holdings Company Limited American| JASO UPSolarWorld stopped short of providing forward-looking guidance in its 2009 full year sales report, but the Euro $1 billion threshold for sales seemed to buoy the investor outlook for solar shares across the globe. SolarWorld was up 3.5% on the German Xetra exchange, while German solar player Q-Cells was up more than 2%.
In the U.S. market morning, solar stocks were flaring even higher. Yingli Green Energy(YGE Quote) was leading the gains with a 10% spike near mid-day. The long list of Chinese solar players following Yingli Green Energy in gains mirrored the run that the Chinese solar companies got off to yesterday on the first trading day of the new year.
Solarfun Power Holdings(SOLF Quote) was up more than 6%; JA Solar(JASO Quote) and Canadian Solar(CSIQ Quote) were up 5%, and China Sunergy(CSUN Quote) up more than 4% on Tuesday morning.
None of the major solar players were in negative trading territory on Tuesday morning after thee SolarWorld announcement.
U.S. solar leaders First Solar(FSLR Quote) and SunPower(SPWRA Quote) were both up more than 2% near midday, though still trailed by a wide margin the gains being made by the Chinese solar players to start the year.
-- Reported by Eric Rosenbaum in New York.
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