Solarfun Power Holdings Co. Ltd. is Today's Focus Stock on MicroStockProfit.com
August 05 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring
Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF). The report includes
financial, comparative and investment analyses, and recent company
news that you need to know to make an educated investment decision.
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The full report is available at:
http://www.microstockprofit.com/lp/SOLF
The MACD for SOLF currently indicates a strong bullish signal
for two reasons. First, the MACD is above the signal line, a 9-day
moving average. Second, the MACD is above 0 which implies that the
underlying moving averages are trending higher.
Solarfun Power Holdings Co. Ltd. (SOLF) is a manufacturer of
silicon ingots, photovoltaic (PV) cells and PV modules in China.
The Company manufactures a variety of silicon ingots, PV cells and
PV modules. The Company also provides PV cell processing services
and PV module processing services. It sells PV cells and PV modules
both directly to system integrators and through third-party
distributors. During the year ended December 31, 2008, the Company
sold its products to over 40 customers, in Germany, Spain and
Italy, as well as several other European countries. The Company
conducts its business in China through its operating subsidiary,
Linyang China. In February 2008, the Company established Solarfun
Power Deutschland GmbH. On August 1, 2008, the Company acquired the
remaining 48% equity interest in Yangguang Solar.
Message Board Search for SOLF:
http://www.boardcentral.com/boards/SOLF
In the report, the analyst notes:
"Total net revenues were RMB 1,752.7 million (US$ 258.5
million), an increase of 18.8% from 1Q10 and an increase of 105.1%
from 2Q09. The increase in net revenues in 2Q10 was primarily
due to significantly higher shipment volumes which reflect improved
industry demand as well as growth in the Company's production
capacity.
"SOLF yesterday announced the promotion, effective immediately,
of Dr. Ping Peter Xie to president and CEO from president of SOLF,
and Zhoumiao Gao to COO from senior vice president of Operations of
SOLF. Gareth Kung will remain as the Company's CFO and these
three officers will provide senior leadership for the Company going
forward."
To read the entire report visit:
http://www.microstockprofit.com/lp/SOLF
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Solarfun Power Holdings CO., Ltd. ADS, Each Representing Five Ordinary Shares (MM) (NASDAQ:SOLF)
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