DALLAS, Oct. 20, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF) should be of particular interest to other technology companies: Intel Corp. (Nasdaq:INTC), Texas Instruments Corp. (NYSE:TXN), STMicroelectronics NV (NYSE:STM) and Suntech Power Holdings Co. Ltd. (NYSE:STP).
The report is available at: http://www.investorsoup.com/lp/SOLF
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Solarfun Power Holdings Co. Ltd. (SOLF) is a manufacturer of silicon ingots, photovoltaic (PV) cells and PV modules in China. The Company manufactures a variety of silicon ingots, PV cells and PV modules. It sells PV cells and PV modules both directly to system integrators and through third-party distributors. During the year ended December 31, 2008, the Company sold its products to more than 40 customers, in Germany, Spain and Italy, as well as several other European countries. The Company conducts its business in China through its operating subsidiary, Linyang China.
In the report, the analyst notes:
"PV module shipments reached 64.3 MW in the second quarter of 2009, an increase from 43.1 MW in the second quarter of 2008 and 35.7 MW in the first quarter of 2009. The increase from the first quarter of 2009 was due to increases in PV module shipments and PV module processing services, which represented approximately 36% of the total PV module shipments in the second quarter of 2009. In the second quarter of 2009, excluding module processing, Germany accounted for 83% of the Company's total PV module shipments. The Czech Republic, a new market for the Company, Australia, Korea and Spain accounted for 6%, 5%, 3% and 2% of the Company's total module shipments, respectively."
"SOLF recently announced that Nobility Solar Projects a.s. has agreed to purchase 14.2MW of high efficiency PV modules from the Company during the second half of 2009. Nobility, a leading distributor of solar products in Eastern Europe, is SOLF's distribution partner in the region."
To read the entire report visit: http://www.investorsoup.com/lp/SOLF
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