Solar stocks showed signs of recovery today. As of press time, Xinte Energy (01799) rose 4.4% to HK$8.78, Flat Glass (06865) gained 2.86% to HK$12.96, Xinyi Solar (00968) climbed 2.41% to HK$3.82, and GCL Tech (03800) increased 2.27% to HK$1.35.
The rebound comes amid market rumors about the suspension of a polysilicon procurement platform, which were refuted by the China Photovoltaic Industry Association (CPIA). On the 12th, CPIA issued a statement clarifying that the circulating rumors were false and condemned malicious attempts to short the solar industry through misinformation.
Liu Yiyang, Executive Deputy Secretary-General of CPIA, emphasized the industry's determination to end cutthroat competition, stating that policymakers remain resolute in supporting the sector. Separately, JA Solar Technology (002459) issued a clarification last night, denying that its board secretary had made any remarks as speculated online and labeling the claims as misleading rumors.