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China-based Suntech Power Holdings Co. (NYSE: STP) is one of China's top stocks. The country's largest solar panel maker recently took steps to increase its hold on the Chinese solar market when it reached an agreement with a unit of China Huadian Corp. to develop 500MW of solar projects in China.
The collaboration between Suntech and China Huadian New Energy Development Co. could include some of the 1.8 gigawatts of Chinese projects Suntech recently announced. According to the company, the projects resulting from those agreements could be installed between 2010 and 2012. This deal means a solid pipeline of earnings for the solar maker, and that could translate into solid earnings going forward.
We won't know how the company's current quarter will play out until it reports earnings on Aug. 20, but what we can say is that if their earnings are anything resembling First Solar's or SunPower's, you will want to own the shares well before their report becomes public.
I say buy SunPower shares now and get that portfolio ready to shine.
Don't miss the complete list of solar stocks.
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Reader Comments (Page 1 of 1)
8-17-2009 @ 12:34PM
wichsenstar13 said...
Didn't FSLR tumble AFTER their earnings release? They're down over 25% since then... and while SPWRA had gained as much as 25% since its earnings, it's only up 8% now from that time...