Chinese Solar PV Manufacturers: Wall St. ‘Pump & Dump’ Leaves US Investors Holding the Bag
“Everything old is new again,” the saying goes. Some of the biggest investment booms and busts in world financial history have come about as a result of the fascination of investors in comparatively capital-rich countries with investing overseas. European and US investors have a long history of latching on to overseas investment themes, and sharp operators at US investment banks have gladly taken advantage of that. They profited greatly from paving the way for China’s PV manufacturers to raise capital through US stock exchanges.