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Energy

Solarfun Looks ‘Good Enough’ (SOLF)

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By Douglas A. McIntyre Updated Published
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Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF), a photovoltaic cell and PV module maker in China, is trading higher after the company gave guidance.  The outlook for the third quarter of 2009 is for revenues to be RMB918 to RMB984 million, which translates to roughly $134.46 million to $144.12 million after converting to US Dollars. The consensus estimates from Thomson Reuters is $163.13 million.  While this guidance looks soft, it appears to be good enough or close enough when you look at the other forecasts it gave.

The company said that total module shipments will exceed 100 MW.  It also gave a margin guidance of approximately 17%.

While it discussed a highly competitive pricing environment, its CEO noted, “….Our order patterns are strong as we are seeing an improvement in end market demand.”

Shares of Solarfun are up 9.5% at $6.79 and we have already seen some 1.41 million shares trade hands versus an average volume of 1.37 million shares.  Its 52-week trading range is $2.27 to $15.31.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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