Suntech Power Holdings Co., Ltd. (STP and HOKU)

Hoku Solar and Suntech Power Complete Solar Installation for One of Hawaii's Largest Beverage Distributors

Hoku Solar, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (NASDAQ:HOKU) and designer, engineer and installer of photovoltaic (PV) power systems, and Suntech Power Holdings Co., Ltd.(NYSE:STP) , one of the world's leading manufacturers of solar photovoltaic (PV) cells and modules, today announced the completion of a 254-kilowatt PV solar power system at the Oahu warehouse and distribution headquarters of Paradise Beverages, Inc. The system uses more than 1,540 individual Suntech modules to produce an estimated 525,000 kilowatt-hours of clean solar power each year. It is the third of three solar projects totaling 358kw of power the Hoku-Suntech team have implemented for Paradise Beverages.

Hoku Scientific and Suntech work together at multiple points in the solar supply chain. In Hawaii, Hoku deploys Suntech modules for many of its commercial installations, while Suntech has engaged Hoku to supply it with solar-grade polysilicon from its planned production facility in Pocatello, Idaho.

STP is down 6%, nearing the support, between $32 and $33. As long as the whole solar sector keeps making new relative lows, don't expect it to get a bullish rally, like the rest of the market has done in the recent days.

Keep waiting patiently for the Bulls to come, but remember the mid-term is still Bearish.

Labels: HOKU, Solar Plant, STP, Suntech Power

posted by Ertai at 10:18 AM