Solarfun Power Holdings Co. Ltd. (SOLF)

[MACH1]

Man, I can't believe how the MM's are getting away with the OUTRIGHT TOTAL MANIPULATION of Solar Fun. They dropped this stock $3 from the start of May and today SOLF beats estimates by $0.21.


5:43AM Solarfun Power beats by $0.21, beats on revs (SOLF) 6.27 : Reports Q1 (Mar) earnings of $0.40 per share, $0.21 better than the Thomson Reuters consensus of $0.19; revenues rose 115.9% year/year to $216.2 mln vs the $191.7 mln consensus. SOLF has already reached its previously announced module capacity target of 700 MW. Due to anticipated demand from customers for 2H10, the co plans to further expand module capacity to 900 MW by August 30, 2010. For 2Q10, the co expects total module shipments to be 160MW to 170MW, of which approx 35% will be for PV module processing services. Co expects ASP for PV module shipments to stay flat in constant currency but decline by approx 6.5% from 1Q10 on the assumption that the Euro/US dollar exchange rate stays at approx 1.25 for the rest of the quarter. For 2010 full year shipment, SOLF is raising its guidance from 600MW to 650MW based on strong demand from customers for 2010.