Equity Research on ReneSola and Solarfun -- Sunny Earnings for Second Quarter 2010
11 August 2010 - 10:56PM
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solar energy industry and has completed analytical research on
ReneSola Ltd. (NYSE: SOL) and
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF).
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these researches.
The Solar industry seems to be having its ups and downs at the
moment. Even though there have been plans to increase its usage as
an alternative energy in Florida, Republicans there are seemingly
not supportive of solar technology. At present there have been over
$52 million in unpaid rebates to Floridians for using this green
technology. While there were plans to have 20% of all the energy
used in Florida to be produced by renewable energy by 2020, the
proposal did not make it through the legislature. Register now at
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to have free access to our reports on the solar energy
industry.
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and Solarfun Power Holdings Co. Ltd.; investors and shareholders of
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In international solar news, solar investment could be improving
in the coming years. Since India has approximately 300 sunny days
per year, their interest in this form of energy has been growing.
Estimates are that the country may be able to produce over 5000
trillion kW of solar energy in a single year. There is also talk
about improving investment in India by creating energy credits for
people who utilizes this technology. Visit www.stockcall.com/ to
see how companies in this industry have grown over the past years
and how they are expected to perform in the future.
China is also investing heavily in solar projects, as the nation
tries to lower its dependence on coal. China has also been heavily
subsidizing the industry in an attempt to become more competitive
in global markets.
Whilst it seems that the U.S. is not the market to be in right
now for solar stocks, earnings in the first weeks of August have
been positive with ReneSola Ltd. offering upbeat financial readings
with earnings per share of $0.42 and revenue of $253.9 million.
Additionally, Solarfun Power Holdings last week was the first of
the Chinese solar stocks to have reported positive results for the
quarter with both revenue and earnings topping estimates.
ReneSola Ltd. and Solarfun
Power Holdings Co. Ltd. research reports are accessible for
free by registering today at www.stockcall.com/SOL110810.pdf or
www.stockcall.com/SOLF110810.pdf.
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