Solar Stocks Plunge
With todays plung on the asian market, solar companies are being dragged down too, with companies like SOLF, TSL and CSIQ going down more than 10%
Trina Solar (TSL) was getting a great performance last week, but today all the gains were evaporated.
STP, SPWR and ENER are recovering from today's lows, but still negative for this session.
More updates soon.
Labels: Alternative Energy, CSIQ, SOLF, SPWR, STP, TSL
Deli Solar: Chinese Microcap
Some interesting comments on a solar microcap company:
Look past the funny name. Deli Solar makes solar-powered water heaters and a range of coal and alternative-energy fired boilers, not pastrami on rye. Deli Solar primarily sells into rural Chinese markets, where basic electrical and gas utilities are often unreliable if available at all. It sells through a network of 585 distributors and 2000 retailers in 27 Chinese provinces.
Read the rest of this article at
SeekingAlpha.comLabels: Solar microcaps
Suntech Power Holdings
Suntech Power (NYSE: STP)is one of my top choices for the whole solar industry group of stocks, and is nº1 in terms of % profit since last year, as well as being the most commented on this blog.
And Why? Not just performance, but
profitability and the way it is growing in the solar industry.
There are of course other great performers in solar stocks that you can find in this blog( SOLF and TSL, with above 3% moves for today).
STP stock is trading now around $37 and probably a good buying price for this technical support uptrend:
There is even more affection towards Suntech Power, with a recent motley fool article named
"I Love Suntech Power"I don't know how else to say this, so I'll just be blunt. I am equally attracted to a younger, foreign, exotic beauty: Suntech Power (NYSE: STP).
Will the company return my affection? I believe so. In fact, in the past six months it already has, by appreciating more than 33%. But I'm not just interested in a short, one-time fling. I am looking for a meaningful long-term relationship, and I think this company is ready to make that commitment.
Read the full
Motley Fool ArticleLabels: SOLF, STP, TSL
SunTech Power
Suntech Power Holdings (NYSE: STP) was mentioned yesterday in Forbes.com site.
Between now and 2010, China is estimated to spend at least $243 billion on various environmental-friendly initiatives. With the 2008 Summer Olympics drawing close, the country has been ramping up investments on renewable energy sources such as solar.
You can read the article here:
Chinese Sun StarSTP stock is still inside a stable uptrend, and with prices today aproaching the 36 dollar mark, this stock is near the support.
This could be a good opportunity to buy into a short term bottom, between $36 and $37:
Labels: STP
Suntech Power Expands to Serve Europe, Middle East & Africa
More news from Suntech:
Suntech Power Holdings Co., Ltd. has established Suntech Europe Ltd., a wholly owned corporation, to expand its customer base, service and support offered to customers in Europe, the Middle East and Africa (EMEA). The headquarters for Suntech Europe will be in London with sales offices expected to be opened in key cities in the region in 2007.
Suntech has been selling its PV products into Europe, which accounts for the majority of its revenues over the past five years. Its newly acquired subsidiary, MSK Corporation has also generated significant revenue from sales in Europe over 20 years.
Suntech Power (Nasdaq: STP) 1year chart updated today:
Labels: STP
