Tuesday, December 2, 2008

Solarfun Q3 beats Street; warns of falling prices (SOLF)

SOLF was recently trading down 6%.
From Reuters:

* Q3 profit $0.16/ADS beats Wall Street view * Sees average selling prices declining in Q4

* Expects to be cash-flow positive during H2 2009

* Shares down 16 pct

Dec 2 (Reuters) - Photovoltaic-cell maker Solarfun Power Holdings Co Ltd (SOLF.O: Quote) reported third-quarter results that beat market estimates, helped by higher photovoltaic module shipments, but warned of a further dip in average selling prices....MORE