nov 20th: STP Suntech $30~$28~$36 reports Q3 EPS of 21c vs. consensus estimates of 18c reports Q3 revenue of $163M vs. consensus estimates of $170.05M.
jan 8th Spain's proposed feed-in law is very positive@COWN
Cownen believes The Spanish Minister of Industry's proposed feed-in tariffs is much improved from the one proposed by his predecessor last summer. Cowen views this as a very positive development for ENER, ESLR, FSLR, SPWR, STP since Spain is the second largest solar PV market
dec 1 STP initiated with a Buy, $38 target@JEFF
Jefferies expects Suntech to benefit from longer-term silicon contracts, which should help grow production.
December 1, 2006
07:42 EDT Suntech Power-STP strongly reiterate Buy after meeting with mgmt@SBSH
Citigroup believes the company's growth visibility is solid heading into 2007 and they find the valuation cheap at current levels. Target remains $50. :
nov 22 Suntech Power-STP target lowered on integration risk and weak margins-Buy@THNK
Target lowered to $35 from $47 based on integration risks and margins that were lower than expected.
November 22, 2006
08:06 EDT Suntech Power-STP announces contract to supply world's largest solar power plant
Suntech Power Holdings Co., Ltd. has announced it has recently entered into a solar module supply contract with Atersa, a subsidiary of Elecnor Group, one of Spain's leading project planning and integrated management and infrastructure development companies. In one of its largest and most sophisticated projects to date, Suntech will supply solar modules with an aggregate output of 23.2MW to Atersa for installation in the Photovoltaic Grid Connection Park in the Extremadura region of Spain. It is expected that these solar modules will be supplied within the first half of 2007. :
jan 8th Spain's proposed feed-in law is very positive@COWN
Cownen believes The Spanish Minister of Industry's proposed feed-in tariffs is much improved from the one proposed by his predecessor last summer. Cowen views this as a very positive development for ENER, ESLR, FSLR, SPWR, STP since Spain is the second largest solar PV market
dec 1 STP initiated with a Buy, $38 target@JEFF
Jefferies expects Suntech to benefit from longer-term silicon contracts, which should help grow production.
December 1, 2006
07:42 EDT Suntech Power-STP strongly reiterate Buy after meeting with mgmt@SBSH
Citigroup believes the company's growth visibility is solid heading into 2007 and they find the valuation cheap at current levels. Target remains $50. :
nov 22 Suntech Power-STP target lowered on integration risk and weak margins-Buy@THNK
Target lowered to $35 from $47 based on integration risks and margins that were lower than expected.
November 22, 2006
08:06 EDT Suntech Power-STP announces contract to supply world's largest solar power plant
Suntech Power Holdings Co., Ltd. has announced it has recently entered into a solar module supply contract with Atersa, a subsidiary of Elecnor Group, one of Spain's leading project planning and integrated management and infrastructure development companies. In one of its largest and most sophisticated projects to date, Suntech will supply solar modules with an aggregate output of 23.2MW to Atersa for installation in the Photovoltaic Grid Connection Park in the Extremadura region of Spain. It is expected that these solar modules will be supplied within the first half of 2007. :
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