The point that alternative energy companies are being battered in the stock market is no surprise. Yet some of the companies, at least, are performing fairly well and probably deserve better treatment. Solar PV cell-maker SunTech Power Holdings (NYSE:STP) for example. Yesterday, the company reported third quarter revenue of $594.4 million and earnings per diluted ADS of $0.33 on net income of $55.9 million. Analysts expected earnings of $0.42 and revenue of $572 million. Gross margins were up nearly a full point. SunTech also revised its full-year guidance down from $205 million-$215 millionto $185 million-$187 million. While this might be "good enough" growth on the surface, it has devastating implications in alternative energy.
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