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Solars retreat before earnings

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decline_9 November 21, 2011 (Chinavestor) Suntech Power (NYSE:STP) fell the hardest among Chinese stocks with market cap of over $250 million after one hour of trading on Monday. But Trina Solar (NYSE:TSL) is also among the ten biggest losers as well while Yingli Green Energy (NYSE:YGE) is following the sector lower.  Besides solar stocks, online gamers took another hit today with Giant Interactive (NYSE:GA) falling the most followed by Perfect World (NASDAQ:PWRD), Shanda Games (NASDAQ:GAME) and Changyou.com Ltd. (NASDAQ:CYOU).

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This current week is dubbed by many as the "solar week" for several Chinese solar makers will report earnings in the upcoming three day period. Trina Solar (NYSE:TSL) is going to report after the close today along with smaller rival Jinko Solar (NYSE:JKS). Tuesday is going to see JA Solar (NASDAQ:JASO) and Suntech Power (NYSE:STP) before the opening bell. ReneSola Ltd. (NYSE:SOL) and Yingli Green Energy (NYSE:YGE) is going to finish reporting for solar stocks on Wednesday. China Stock Earnings Calendar Nov 21-25

Oversupply of a key component and crumbling demand from Europe are primarily responsible for losses in the solar sector. Looking back to 2011 Q2, it was only Yingli Green Energy (NYSE:YGE) that left the previous quarter relatively unharmed. One darling, one dog - YGE vs CSUN



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