Wednesday, August 20, 2008

Solar: Suntech Reports, Beats, Raises, Lifts Sector (FSLR; LDK; SPWR; STP; TSL; YGE)

From Reuters:
Suntech 2nd-quarter earnings rise sharply
Suntech Power Holdings Co Ltd (STP.N: Quote) on Wednesday reported sharply higher quarterly earnings on burgeoning demand for solar energy.

Second-quarter net income was $65.2 million, or 38 cents per American Depository Share, compared with $41.3 million, or 25 cents per share, a year ago....MORE

From the AP via Yahoo:
Suntech raises 2008 revenue forecast

STP was recently up $2.96 (7.97%) at $40.04.

Others in the group:

FSLR up .62%

LDK up 1.74%

SPWR up 2.64%

TSL up 3.41%

YGE up 2.81%