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Tag Archives: solf

Good News Out Of Solarfun (SOLF)

Solarfun (SOLF) is out with a 3rd quarter update and sees Q3 moduleshipments exceeding 100MW, with sales of RMB918-RMB984 million. Grossmargin will be about 17% for the quarter. Peter Xie, President of Solarfun, commented, “The third quarter of2009 is progressing well. Our order patterns are strong as we areseeing an improvement in end market demand. [...]

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Solarfun (SOLF) To Develop 600MW In Solar Projects In Hohhot City

Solarfun (SOLF) announced this morning that their Jianghsu Linyangsubsidiary has signed a letter of intent with the government of HohhotCity in the Inner Mongolia region to develop two solar projects with atotal capacity of 600MW along with a 100MW production facility. The Solarfun CEO commented, “Hohhot City has been approved tobe one of the pioneer [...]

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Solarfun continues bleeding red ink with $2.9m Q1 loss

China’s Solarfun reported a quarterly loss of $2.9m against a backdrop of plummeting revenues and shipments, blaming industry-wide overproduction of solar modules, a lack of project funding, and unusually harsh winter weather in Germany.Solarfun, which makes silicon ingots, wafers and photovoltaic (PV) cells, saw its revenues drop 43% during the first quarter to $100.1m. Shipments [...]

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Collins Stewart Maintains Sell Ratings On Suntech Power (STP) and Solarfun (SOLF)

According to StreetInsider.com,Collins Stewart is maintaining its Sell rating on both Suntech Power(STP) and Solarfun (SOLF) but raising its price targets on both.  It’sraising the price target on STP from $6.50 to $10 and raising the pricetarget on SOLF to $3. Suntech commentary: Collins analyst says, “Our CY09 forecast calls for STP generate$1.73B in sales [...]

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