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A solar energy company that designs, develops, manufactures and market a variety of PV cells and modules. Also provides PV system integration services in China.
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mm20001 (99.73) Submitted: 6/27/08 10:55 AM : Start Price: $44.26 STP Score: 14.08
While oil continues its rise due to limited resources and high demand, the solar industry is headed for a decline in costs that will make it a mainstream power option in the years to come.China's Suntech Power is one of the big solar players, the world's third largest producer of photovoltaics in 2007, and rapidly growing. It produced nearly as much PV in the first half of 2007 as it did in all of 2006, and growth isn't expected to slow anytime soon - analysts forecast the company's earnings to grow more than 50% this year and next, and more than 30% per year for the next 5 years, according to Yahoo! Finance.Suntech is currently trading in the mid to high 30s (down from $90 earlier this year), which gives it a 32 P/E ratio for the 12 trailing months, and a 15 P/E for 2009 estimated earnings - modest numbers for a big-opportunity, high-growth company. Given the above, Suntech is attractively priced and a worthy addition not only to a Rulebreaker's portfolio.
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medicwilson (< 20) Submitted: 7/06/08 1:03 AM
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they are in the beat position with cheap labor and factor. With a consent supply on solar panels along with wafers
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