Solarfun Power Holdings (NASDAQ: SOLF) is
a Chinese manufacturer of photovoltaic (PV) cells and modules. It offers monocrystalline and multicrystalline silicon devices and provides processing services to convert silicon wafers into PV cells. Customers are system integrators in Europe and China. Most sales are made in Germany, Italy and Spain.
The company pleased investors late last month, when it reported Q3 EPS of 17 cents and revenues of $100.6 million. Analysts had been expecting 5 cents and $76.0 million. Management also boosted 2007 revenue guidance from $250-270 million to $280-$300 million ($284M consensus). The Chairman remarked that pricing appears "quite strong" well into next year and noted that the firm has already secured a "significant portion" of its anticipated 2008 supply needs.
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