BloggingStocks has a new home! Daily Finance.
Click here to visit the new home of BloggingStocks!
"Fossil fuel prices are once again on the rise, and not so coincidentally, demand has been growing as well for solar energy modules," notes Stephen Leeb. 
Analyst Upgrades
Continue reading Analyst Calls: ANF, CA, HBAN, MSFT, NTAP, NVDA, OWW, ORCL, RHT ...
Ben Bernanke's explanation and defense, or lack thereof to many, about his version of QE2, managed to dominate many key themes today. Gold was hitting fresh highs and European woes were discounted again. We are seeing the risk trade come in full force, although many of the sectors were soft. Late-day selling in the DJIA and S&P500 made for a close in the red, but this was close to red and black for most of the afternoon session after a fairly weak open. Continue reading Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)
Continue reading Analyst Calls: ATH, ANDE, BLK, BUCY, ITRI, LEAP, LM, PFG, SF, STP ...
Suntech Power (STP) is taking a post-earnings plunge, as traders pan the company's third-quarter report.
Wednesday morning, Suntech said its third-quarter profit climbed 11% to $33.1 million, or 18 cents per American depositary share (ADS), while revenue rose 57% to $743.7 million. Gross margin for the quarter contracted to 16.4% from 17.8%, due to lower selling prices.
Continue reading Suntech Power Tumbles to New Annual Low Following Earnings
They don't all work out. Suntech Power Holdings Co. Ltd. (STP), first discussed here on July 28, 2009 at a price of $19.24, was stopped-out at $8 in late August, for an 11-point loss.
Suntech's shares, a high-risk stock, had recovered to about $11 in mid-summer after plunging in bear-hug fashion this spring from about $16 to $8.40.
The calculation in the summer was that photovoltaic cell manufacturer Suntech's long-term business prospects in China would offset short-term hits to revenue, due to price declines.
Today was soft on solid economic data, and a conflicting oil report this morning versus last night only added more confusion. A rally came on in the afternoon and the markets appeared to all manage to hold on to very small gains at the closing bell.Continue reading Closing Bell: Squeaking By (NFLX, POT, BHP, X, BZH, STP)
Suntech Power (STP - option chain) shares are rising today after the company reported earnings this morning, posting a second-quarter loss of $174.9 million, or 97 cents per share. Excluding one-time items, STP earned 3 cents per share on revenue of $625.1 million. Analysts had forecast a profit of 3 cents per share on revenue of $618.3 million. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on STP.The shares of Suntech Power Holdings Co. Ltd. (STP), first discussed here on July 28, 2009 at a price of $19.24, certainly are not for squeamish investors.
Shares of photovoltaic play Suntech Power Holdings Co. Ltd. (STP), first discussed here on July 28, 2009 at a price of $19.24, continues to exasperate, but I still like the shares. Here's why:Continue reading Suntech Power Is a High Risk Investment with Considerable Upside Potential
I've upgraded photovoltaic play Suntech Power Holdings Co. (STP) to buy from the hold rating recommended on October 27, 2009. Here's why.
The stock chart of Suntech, a company expected to benefit from China's solar subsidy program, as well as U.S. government initiatives to invest in renewable energy, had formed a bear hug -- a bearish pattern in October. However, the stock held key, psychological support at $10 in November -- it actually fell to only $11.90 or so, and has since rebounded, breaking the downtrend of the bear hug.
Suntech Power Holdings' (NYSE: STP) stock has 'totally misbehaved,' from a technical standpoint, since first recommended on July 28, 2009 at a price of $19.24. Hence, I'm putting a Hold on the shares. 
Today was an options expiration date, and the stocks closed higher. We had strength early on from Europe, but then some very surprisingly good housing data caused added cheer. The data was taken as permanent, but much still points toward the bump up being temporary. Even a negative call for 222 more bank closures by Meredith Whitney failed to jolt the markets. Continue reading Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)
Trina Solar (NYSE: TSL), a maker of solar photovoltaic products and a colleague of Suntech Power Holdings (NYSE: STP), issued second-quarter results on Monday after the market closed. According to Reuters, Trina Solar beat market expectations.
Revenues decreased over 26% year-over-year (according to the actual press release, revenues increased over 13% on a sequential basis). Net income was 71 cents per American depositary share (ADS). Analysts were betting on 37 cents per ADS being the likely profit figure.
Continue reading Trina Solar increases profit and gross margin in Q2
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.
Find out why more people track their portfolios on AOL Money & Finance then anywhere else.
.gif){kind=logo}
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update