Suntech Power Holdings Co., Ltd. (NYSE:STP)
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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Oversold. It's finding bottom now.
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Down almost 90% this year ! PE =7, book value=7. Sold a Put (June 10) at 5.3 so my break-even is 4.7. Current price =9.12. Betting on Obama caring more about solar than Bush did.
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Mandates for solar over the next decade insure a market, STP is well positioned.
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Oil will go back up substantially over the course of the next few years, and as it does this stock will do very well. The world needs this technology, and as the biggest player in the biggest country (with a good presence in the US also), this stock seems like a must long-term.
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This one will be one of the winners in the US market based upon their track record and control over mfg costs in China. They have the critical mass to survive the coming market shake-out.
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Going long on this China solar play.
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Solar is the future of energy. Prices of oil may have recently gone down but it will spike again causing renewable energy to be in demand. STP is one of the top solar stocks at a reasonable price. With China's backing this stock is sure to rise.
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Solar, Obama,
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hopefully a good stock, I belive this will outperform but it will a while. and the price is still okay
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solar obama, and we need it.
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Solar Power, by all accounts, is "the next big thing." STP is one of the biggest, least risky solar power companies. Although you'd love to get a cheap solar power stock and ride it to a big number, solar power will be one of the riskiest industries, as many companies will pop up to try to get their piece of the industry. STP is an extraordinary value right now, and will stick around to reap the benefits of the rise in popularity of solar energy.
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As we continue with the energy crisis solar energy will become more necessary to supplement our electric grid. This company is a large player in China and will be able to withstand the volitilaty keeping competition at bay.
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Trading near its all-time low. And the sun keeps shining.
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Owned by the richest (or at the very least one of the richest) men in China.
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Solid Chinese company, has government support, and in the energy industry of the future.
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STP is solidly entrenched in the world's largest industrial and consumer market (uhhh, China), and has committed to furthering growth in the US. While the current drop in oil prices may detract from the urgency of alternative energy solutions, the solar/wind/geothermal industry has caught momentum and will build over the next few years. A good investment, IMHO, that will will double the performance of the S&P 500
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Solar power is the next big thing. The more efficient it will become the more it will be used.
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Obama
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Even with the current drop in oil price, renewable energy is seen as the future- esp in Europe & Asia
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