Pre-market is up for solar stocks

Jobless data is up ahead and Solar Stocks are up in the Pre-Market about an average of 1%.

And a quick look at the Solar Stock Sector ETF TAN:
Claymore/MAC Global Solar Index


Some Suntech Power Holdings (STP) News:

Suntech's solar products in short supply

Suntech Power Holdings' (STP.NYSE) solar products are in short supply due to their premium quality, said Shi Zhengrong, company chairman and CEO.
Shi Zhengrong said that the company had about a 30 percent photovoltaic (PV) module overcapacity in the first half of this year, but that the situation has been changed since July, and production capacity cannot meet the market's demand.

According to Shi, there is no overcapacity in China's solar energy industry, but the market requires high-end and high quality products, and that Suntech has already sold all of this year's products.

Suntech had produced solar PV cells with conversion efficiencies of approximately 19 percent on mono-crystalline PV cells and 17 percent on multi-crystalline PV cells, which set the new benchmark for the highest performance multi-crystalline module, said Shi.

He also stated that solar energy will account for about 30 percent of the world's energy by 2050, and by the end of the century, the figure have risen to 70 percent. Therefore, the company remains committed to developing solar energy.

Source: TradingMarkets.com

Labels: solar ETF, Solar News, Solar Stocks, STP, Suntech Power

posted by Ertai at 9:15 AM