Suntech Power Holdings Co., Ltd. (ADR) (STP)

CodeCracker (< 20) Submitted: 1/13/07 12:04 PM : Start Price: $36.00 STP Score: -39.32

Here's my favorite way to play the energy category.
STP is a Chinese solar chip company that is growing like a weed (sales are up over 100% per year for the last couple of years). What's even better, they're making money, making deals to improve their supply, and the renewable energy market is increasingly attractive to "green" homeowners, utilities, and governments around teh world. The company is expected to earn $1.18 in '07 and is projected to grow about 56% a year, so this $35 stock could close to double in the next year or so. I bought some in the 25 to 28 range and recommend purchase on dips.

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