“I think the company helped alleviate some of the concerns about China demands in the second half of the year,” Angelo Zino, an analyst with S&P Capital IQ, said in the Reuters article.
Shares of other rival solar companies also strengthened on the positive China outlook, with Yingli Green Energy (NYSE: YGE) up 11.1% and ReneSola (NYSE: SOL) up 12.6%.
Looking under at the aforementioned solar ETFs, Trina Solar makes up 3.4% of TAN and 2.5% of KWT. SOL is 1.5% of TAN and 1% of KWT. YGE is 2.4% of TAN and 1.3% of KWT.
Guggenheim Solar ETF
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Max Chen contributed to this article.