Suntech Power - Wachstumsgigant aus China

Suntech Power ist einer der weltweit führenden Solarkonzerne mit einem Umsatz 2006 von knapp 600 Mio. $ bei einem Nettogewinn von 106 Mio. $. Das beeindruckende an dem Unternehmen ist aber das Wachstum: der Umsatz legte letztes Jahr um satte 168% zu, der Gewinn nach meiner Berechnung aus den einzelnen Quartalsberichten (siehe unten) um 127%, laut offizieller Angabe im Geschäftsbericht sogar um 275% - hab jetzt selbst leider nicht rausfinden können, woher die Differenz kommt, aber so oder so beeindruckende Zahlen!

Und es scheint, als würde es so weitergehen:
- der Umsatz soll laut offizieller Prognose im 1. Quartal um 145% zulegen
- wurden 2006 noch 160 MW produziert, so kann man für 2007 mit einer Produktion von mind. 280 MW (+80%) und 2008 von mind. 430 MW ausgehen (+55%)
- der Bau mehrerer Produktions- und Forschungsstätten hat begonnen; zwei kleinere Standorte mit zusammen 120 MW Kapazität sollen Anfang 2008 in Betrieb gehen, zudem ist eine große Produktionsanlage, die bis zu 1000MW (!) Kapazität haben soll, bereits im Bau
- letzten Monat wurde noch ein großer Liefervertrag mit Conergy geschlossen, der in 2007 allein einen Umsatz von etwa 270 Mio. $ bringt

Zur Bewertung:
Beim derzeitigen Kurs von 35$ und geschätzten 180 Mio. Aktien am Jahresende (aktuell 150 Mio., für 2007 geplante KE habe ich aber schon mit einberechnet) ist Suntech 6,3 Mrd. $ wert, macht ein KGV07 von ca. 31 und ein KGV08 von 18. Das ist bei dem enormen Wachstum und den langfristig sehr guten Wachstumsaussichten für die Branche nicht zu teuer, zumal ich überall ziemlich konservative Annahmen getroffen habe. Vor allem auch im Vergleich zu einer Solarworld, die ein ähnliches KGV07 aufweist, ist Suntech günstig, da sie eben ein deutlich höheres Umsatzwachstum hat.

Meine Empfehlung:
Kaufen (evtl. Rückfall auf die Unterstützung bei 32,50 Dollar abwarten) und einige Jahre liegen lassen. Erstes Kursziel ist dann das bisherige ATH bei 46 Dollar, auf Sicht von 2 Jahren könnten dann unter bestimmten Voraussetzungen dreistellige Kurse drin sein.  

16.03.2007 09:31
Suntech Power Holdings Co. Ltd.: outperform (Raymond James)

St. Petersburg (aktiencheck.de AG) - Die Analysten von Raymond James stufen die Aktie von Suntech Power Holdings (ISIN US86800C1045 (Nachrichten)/ WKN A0HL4L) in einer Ersteinschätzung mit "outperform" ein. Das Kursziel werde bei 48 USD gesehen. (16.03.2007/ac/a/u)
__________________________________________________

13.03.2007 15:35
Suntech Power - Neues Kursziel
Suntech Power wird von CIBC World Markets weiter mit Sector Outperform bewertet. Das Kursziel von  $40 auf $45 angehoben.

__________________________________________________

Suntech Power Holding "buy," target price reduced

Tuesday, March 13, 2007 3:47:24 AM ET
Brean Murray, Carret & Co

NEW YORK, March 13 (newratings.com) - Analyst Julie Chen of Brean Murray reiterates her "buy" rating on Suntech Power Holding Company Limited (ticker: STP), while reducing her estimates for the company. The target price has been reduced from $55 to $52.

In a research note published this morning, the analyst mentions that the company has reported its 4Q06 total revenues in-line with and EPS ahead of the estimates. The gross margin estimate for 1Q07 has been reduced from 27% to 21.7% to reflect the possibility of Suntech Power Holding encountering a 35% to 65% split in long-term contract silicon prices versus spot prices. The analyst expresses his concern regarding the economic and military conditions in China and unforeseen risks from international operations. The EPS estimates for 2007 and 2008 have been reduced from $1.20 to $1.03 and from $1.61 to $1.52, respectively.

__________________________________________________

Top Pick: Solar Wert aus China mit Value-Charakter  

Datum 17.03.2007 - Uhrzeit 10:10 (© GodmodeTrader - http://www.godmode-trader.de/)  

Für den Value-Investor Kevin Kerr ist es wichtig bei all dem Trubel der derzeit an den internationalen Börsen herrscht, den Überblick nicht zu verlieren. Als Herausgeber des „Marketwatch Global Resources Trader“ ist er immer auf der Suche nach Substanzaktien und er ist diesmal in China fündig geworden mit dem Solarwert Suntech Power Holdings (ISIN: US86800C1045).

Kevin Kerr erklärt: Es ist derzeit nicht alles hoffnungslos in China. Der Aufschwung ist weiterhin in vollem Gang und ein Sektor, der sehr schnell wächst ist der Solarsektor. Nun wurde Suntech Power Holdings gleich zu Beginn der Korrektur schwer abgestraft: Zum einen als Solartitel der zu stark gestiegen war und zum anderen weil es sich um ein chinesisches Unternehmen handelt.

Meiner Einschätzung nach war diese Korrektur zwar überfällig, aber fiel vor allem für den chinesischen Markt zu heftig aus. Und als alle Verkäufer ihre Aktie sehr schnell loswerden wollten, wurden auch Substanzunternehmen wie Suntech Power Holdings mit nach untern gerissen. Ich habe die Aktie nicht nur aktuell sondern schon seit langer Zeit in meinem Depot. Auf dem aktuellen Niveau halte ich den Titel für ein Schnäppchen, denn Sie können auf eine Boom-Branche in einem Boom-Land setzen. Diese Aktie wird sich mit dem steigenden Bedarf nach Erdöl und Energie im Allgemeinen weiter nach oben bewegen und viele Analysten haben den Titel auf ihren Kauflisten – so wie ich auch.

 

Ist natürlich Mist, wo ich gestern eingestiegen bin... :)
Aber macht nix, ich denke da eh langfristiger, von daher finde ich die Begründung der Herabstufung allerdings auch fragwürdig, denn STP hat ja klar gesagt, dass die Margen nur im 1. Quartal unter höheren Siliziumpreisen leiden werden, ab dem 2. Quartal beginnen dann neue, langfristige Lieferverträge mit günstigeren Konditionen...

Suntech Power Holdings Shares Dip in Premarket Activity As Goldman Downgrades Stock

NEW YORK (AP) -- Suntech Power Holdings Inc., a China-based maker of solar cells, saw its shares slip in premarket electronic trading following a downgrade of the stock by Goldman Sachs.
Shares of Suntech have surged 27 percent since August, when Goldman Sachs analyst Cheryl Tang started coverage of the stock at a "Buy" rating. The stock's bull run outdid the S&P 500, which gained 12 percent over the same period, Tang said.

But the company recently cautioned about potentially weaker margins in the first quarter, and the analyst said she has cut earnings estimates and downgraded the shares to "Neutral" as a result She also lowered her price target to $39 from $41.

Suntech shares shed 76 cents, or 2.1 percent, to $36.57 in premarket activity. The stock closed at $36.57 Thursday on the Nasdaq Stock Market.

The company warned in its fourth-quarter report that higher costs for silicon, the raw material for solar cells, would likely hurt margins in the first quarter. Suntech noted that a long-term silicon supply agreement with better pricing would kick in the second quarter.

"Though margin pressure should ease from the second quarter of 2007, we believe that the lower-priced long-term raw material supply -- which starts from 2007 covering the next five to 10 years -- may not be sufficient to meet STP's aggressive expansion plan in 2007," Tang wrote in a note to clients.  

Press Release Source: Suntech Power Holdings Co., Ltd.

Suntech Announces Key Takeaways from Analyst and Investor Day in Hong Kong
Monday March 26, 8:00 am ET


BEIJING, March 26 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP - News), one of the world's leading manufacturers of photovoltaic (PV) cells, hosted an Analyst and Investor Day in Hong Kong on Monday, March 26, welcoming guests from the Asian, European and U.S. investment communities.
Dr. Zhengrong Shi, Suntech's chairman and CEO, delivered opening remarks summarizing management's vision to become the leading global pure-play producer of solar energy products. Dr. Shi commented on Suntech's successes in the worldwide photovoltaic (PV) market, including the Company's rapid ascent to become the number three global PV vendor in cells and modules in just five years.

Dr. Shi noted that Suntech's operations, which combine world class PV technology with the industry's lowest cost per watt large-scale production, delivered record results for 2006.

An archived audio webcast of Dr. Shi's opening remarks is available on the "Investors" section of the Suntech website at http://www.suntech-power.com under "Events."

During the event, members of Suntech management spoke on a range of subjects and delivered the following key takeaway messages:


    -- Dr. Tadao Kasahara, President, MSK Corporation
       MSK's core strengths include market leadership in Building
       Integrated Photovoltaics (BIPV) with highly specialized product
       development efficiencies, well established Japanese market
       penetration and sales channels that are complementary to Suntech's
       business development network.
    -- Mr. Graham Artes, Chief Operations Officer
       Suntech's production process key differentiators such as low cost
       China-based manufacturing, minimal wafer breakage rate, industry-
       leading capacity expansion targets and rapid commercialization of R&D
       improvements.  Suntech's new production facilities and zero-energy
       building were also discussed. The Company is targeting 420MW capacity
       by year-end 2007 and seeks to break the 1GW production capacity
       barrier by year-end 2010.
    -- Dr. Stuart Wenham, Chief Technical Officer
       Suntech's strong and proven R&D processes were detailed, with
       expectations for its crystalline silicon technology roadmap including
       production of 20% solar conversion efficiency PV cells in 2008 and
       continued reduction in wafer thickness, both of which are expected to
       lead to gross margin improvement.  Features of Suntech's new
       semiconductor finger technology, crystalline silicon thin film solar
       cell technology and high value-added BIPV technology development were
       also showcased.
    -- Mr. Roger Ye, Director, Sales
    -- Mr. Jerry Stokes, President, Suntech Europe
    -- Mr. Steven Chan, Vice President, Business Development
       Sales initiatives and market trends were discussed including Suntech's
       sales and brand advantages as an industry pioneer with globally
       diversified growth and a reputation for consistently high quality
       products.  The sales and marketing panel noted that Suntech expects to
       see dynamic sales growth in Spain and North America during 2007.
    -- Ms. Amy Yi Zhang, Chief Financial Officer
       Suntech's financial performance and 2007 trends were covered
       including the Company's sustainable cost advantages.  Ms. Zhang also
       described Suntech's strong supplier relationships, financial strength
       and scale which have enabled Suntech to lock in silicon supply during
       a period of industry-wide supply shortage.  Ms. Zhang reiterated
       Suntech's first quarter and full year 2007 outlook for revenue,
       production output, average sales prices and gross margins that was
       provided during its fourth quarter 2006 earnings conference call.

   About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of Japan's largest PV manufacturers and one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, Japan, China and the United States. For more information, please visit http://www.suntech-power.com .
 

AP
Sector Snap: Solar Cell Makers
Tuesday April 17, 2:16 pm ET  
JA Solar, Solarfun Fall on CIBC Downgrade, Sector Mostly Down


NEW YORK (AP) -- Shares of solar panel makers were mixed Tuesday, after a CIBC World Markets Corp. analyst cut his rating on two Chinese suppliers.
Solarfun Power Holdings Co. Ltd. and JA Solar Holdings Co. Ltd. dropped after Jeff Osborne cut his rating on both stocks to "Sector Performer" from "Sector Outperformer."

"Both companies are currently trading above our previous price targets at valuations that we do not see as defensible for commodity PV cell/module suppliers," wrote Osborne, who removed his target prices.

The analyst said he prefers shares of Suntech Power Holdings Co. Ltd. in the solar sector, and advised investors to lock in profits following a recent share price increase for Solarfun and JA Solar.

The runup was related to seemingly positive news on improved supplies of polysilicon, the raw material of solar panels, but Osborne remained skeptical of exactly which companies would benefit from any extra supply.

JA Solar fell $2.34, or 8.3 percent, to $25.86, Suntech was flat at $36.25 and Solarfun declined $2.55, or 14.2 percent, to $15.18, all on the Nasdaq Stock Market.

Canadian Solar Inc. dropped $1.15, or 9 percent, to $12.28, also on the Nasdaq, while Trina Solar Ltd. gave up $6.85, or 10 percent, to $61.75 on the New York Stock Exchange. All five companies are based in China.

Domestic companies First Solar Inc., which is based in Phoenix, declined $2.31, or 3.6 percent, to $62.63, and San Jose, Calif.-based SunPower Corp. lost 91 cents to $53.78, both on the Nasdaq.

Evergreen Solar Inc., which is based in Marlboro, Mass., climbed 64 cents, or 5.2 percent, to $12.70 on the Nasdaq.  

Könnte aber bald ein Ende finden, Ziele dann nach oben zunächst 40,60 Dollar und danach das ATH bei ca. 46 Dollar. Nach unten ist bei 32,50-32,70 Dollar ein wichtiger Support, der möglichst nicht mehr aufgegeben werden sollte.  

Es gibt wohl keine zwei Themen, die an den Aktienmärkten in den letzten Jahren mehr Aufmerksamkeit genossen haben als China auf der einen und Solarenergie auf der anderen Seite. Und beide Themen haben Anlegern gewaltige Gewinne eingebracht. Was könnte es also Besseres geben als eine Kombination aus Sonnenkraft und China, wie sie die Aktie von Suntech Power bietet?

FRANKFURT. Die chinesischen Börsen steigen, trotz gelegentlicher Rückschläge, von Rekord zu Rekord. Und Solaraktien wie Solarworld oder Conergy haben ihre Kurse vervielfacht. Was könnte es also Besseres geben als eine Kombination aus Sonnenkraft und China, wie sie die Aktie von Suntech Power bietet?

Das Unternehmen aus dem südchinesischen Wuxi produziert Solarzellen und -module und ist mit einer Marktkapitalisierung von rund 5,2 Mrd. Dollar weltweit die Nummer zwei der Branche. Seit Dezember 2005 ist die Gesellschaft an der New York Stock Exchange gelistet.

Von einem Börsenstar ist Suntech jedoch weit entfernt. Zwar sprangen die Bezugsrechte ADRs (Aktienersatzpapiere) gleich bei ihrem Debüt in New York vor 16 Monaten um gut 40 Prozent nach oben und erreichten innerhalb weniger Wochen mehr als 43 Dollar – rund das Dreifache des Startkurses. Seither ist die Euphorie aber abgeklungen. Der Kurs dümpelt aktuell bei rund 35 Dollar. Auch die Analysten geben sich zögerlich. Zwar raten zwölf von 17 Beobachtern zum Kauf der Papiere. Zuletzt nahmen Investmentbanken wie Morgan Stanley, Bank of America und Goldman Sachs ihre Empfehlungen aber auf „neutral“ zurück.

Dabei sind die Aussichten für Suntech viel versprechend. Dank der niedrigen Produktionskosten hat das Unternehmen seit seiner Gründung im Jahr 2001 rasant Marktanteile gewonnen. Im laufenden Geschäftsjahr will Suntech Solaranlagen mit einer Leistung von 220 bis 240 Megawatt Leistung ausliefern, nach 180 Megawatt im Vorjahr. Bis 2010 soll die Produktionsleistung auf 1 000 Megawatt im Jahr steigen.

Wachstumsphantasie liefert zum einen die stürmische Nachfrage in den westlichen Industrieländern, in die Suntech 80 Prozent seiner Produktion exportiert. Großes Potenzial sehen Experten aber auch in China selbst. Die chinesische Regierung hat für die kommenden Jahre eine große Öko-Initiative angekündigt. Bis 2020 sollen erneuerbare Energien 16 Prozent des gesamten Energiebedarfs decken. Damit entsteht für Suntech direkt vor der Haustür ein riesiger Markt
.

Fondsgesellschaften und Zertifikate-Anbieter stimmen diese Perspektiven optimistisch. In den zahlreichen Klimawandelprodukten, die in jüngster Zeit aufgelegt wurden, ist das Unternehmen eine feste Größe. Auch für Privatanleger ist Suntech einen Blick wert. Die heftige Übertreibung, die den Kurs nach dem Börsendebüt blasenähnlich in die Höhe getrieben hat, ist inzwischen abgebaut. Auf Basis der Gewinnerwartungen für 2007 kommt Suntech auf ein Kurs-Gewinn-Verhältnis (KGV) von gut 30, für 2008 liegt das KGV etwas über 20. Damit sind die Papiere günstiger als die großer deutscher Solarkonzerne wie Solarworld oder Q-Cells – billiger als die meisten chinesischen Aktien sind sie ohnehin.

Von Ralf Drescher
http://www.handelsblatt.com/
__________________________________________________

sac .....))  

Ist zwar kein riesiger Auftrag, aber solche Sachen sind ja immer ganz öffentlichkeitswirksam und damit eine gute Werbung. Übrigens stattet Suntech auch das Olympiastadion von Peking mit Solartechnik aus, das ist nochmal 2-3 Nummern prestigeträchtiger. :)

Press Release Source: Suntech Power Holdings Co., Ltd.

Suntech Partners with BASS Electric to Supply 450KW System for San Francisco International Airport
Monday April 23, 8:00 am ET

WUXI, China, April 23 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP - News) one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that it has reached an agreement to supply close to 3,000 solar modules for installation in the San Francisco International Airport's (SFIA) new Terminal T3 solar project. The solar modules will be installed by San Francisco based BASS Electric.

''We are delighted to partner with BASS Electric to be the exclusive supplier of solar modules to the San Francisco International Airport, one of the world's busiest airports, which reflects the momentum of our North American sales initiatives led by Suntech America,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO. ''Given the strong order bookings and pipeline so far, Suntech is well on the way towards achieving multifold expansion of sales in the United States.''

Mr. Jeff Yee, President of BASS Electric commented, ''This project demanded the PV modules meet a specific set of stringent performance criteria, and Suntech was able to meet or exceed all of them. Using Suntech's products, we will be able to deliver San Francisco International Airport with a highly reliable, cost effective and clean source of energy.''

The 450KW system will cover the approximate area of a football field and will be visible to the public from the SFIA Air Train. The system will also be integrated with a new roof membrane further protecting the building by blocking UV exposure and reducing heating of the roof.

In August of 2006, Suntech established a wholly owned subsidiary, Suntech America, with a mandate to increase public awareness of solar power in North America. Since its founding, Suntech America has been involved in promoting alternative energies by endorsing the Global Roundtable on Climate Change's climate sustainability statement, among other projects.

About BASS Electric

BASS Electric is a San Francisco based company with over 20 years experience in the electrical and solar industries. BASS delivers efficient, effective and economic solutions to their clients. For more information, please visit http://www.basselectric.net .

About Suntech and Suntech America

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, Japan, China and the United States. For more information, please visit http://www.suntech-power.com .

Suntech America, Inc. is a wholly owned subsidiary of Suntech Power Holdings Co., Ltd. Established in August 2006 as a Delaware corporation, Suntech America is dedicated to promoting a greener America through the use of Suntech's clean solar modules and cells.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute ''forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as ''will,'' ''expects,'' ''anticipates,'' ''future,'' ''intends,'' ''plans,'' ''believes,'' ''estimates'' and similar statements. Among other things, Suntech's expectations with respect to Suntech's expansion in the United States above contain forward- looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
 

Wirtschaftsnews - 19.04.07

ML: Suntech Power vor Trina Solar, beide im S-Box Zerti

Peking 19.04.07 (emfis.com)
Das US - Investmenthaus Merrill Lynch hat heute die "Wertigkeit" einiger Solarunternehmen aus China umgeschichtet.
So wurde die Aktie von Trina Solar auf "neutral" abgestuft.
Als Top Pick mit einem "buy" Rating wurden dagegen die Suntech Power Hld., ReneSola Ltd. und Motech Industries Inc. genannt.

Die Werte Trina Solar und Suntech Power befindet sich in dem Zertifikat auf den S-Box Asien Umwelt Performance Index.

(Quelle: emfis.com)  

By Michael Erman and Timothy Gardner
REUTERS

11:52 a.m. April 20, 2007

NEW YORK – Suntech Power Co.'s chief executive said Friday he expects the U.S. solar power market to grow between 30 percent to 50 percent a year over the next decade.
“The U.S. market will be very bullish,” Zhengrong Shi said in an interview in New York.


China's Suntech, the world's fourth-largest producer of solar power cells, opened its U.S. unit, Suntech America, last summer.
Shi said U.S. sales already account for 15 percent of total production – its third-biggest market, after Germany and Spain.

Annual growth in the U.S. market could accelerate from about 30 percent now if a $3-per-watt solar subsidy being discussed in U.S. Congress becomes law, he said.

“If this was passed, I think the U.S. would become the biggest market in no time,” Shi said. The country could become Suntech's biggest market in two or three years, and the company may consider building a U.S. panel manufacturing plant, he added.

The United States generates half its power from cheap coal, one factor that has limited solar to 0.1 percent of the U.S. power supply.

But Shi said coal's price advantage should weaken over the next decade as efficiencies in making solar panels could slash costs to 20 to 25 cents per kilowatt hour, about the cost of grid power in California.

In 20 years, renewable sources of power would provide 15 percent to 20 percent of global electricity, he said.

His company is primarily an exporter – only about 10 percent of its business is in China – and Shi does not see this changing until prices for photovoltaic cells drop sharply.

“As long as Chinese manufacturers can sell the product globally, we don't need to depend on the local market,” he said.


NO SILICON OVERSUPPLY SOON

Tight silicon supplies have hampered panel production from small solar companies. Many silicon refiners closed during the technology meltdown earlier this decade, but analysts say more silicon refining will come on line next year.

Even though many manufacturers of the material say they are expanding their operations, Shi said he expects supply to remain relatively tight at least through 2010.

Still, he is not considering using any other materials for Suntech's photovoltaic cells.

“Silicon is sand,” Shi said. Eventually, he said, “it should be the cheapest and most abundant material.

Competition in solar power has recently grown very robust as companies move to take advantage of incentives for renewable energy.

Shi said once the industry becomes more mature, the successful companies will consolidate and the rest will likely go out of business.

Still, he said while the company always looks at potential acquisitions, “so far, we haven't found any targets.”

He also shrugged off the possibility of Suntech being acquired by a larger energy player.

“I don't think we intend to do that because we think we can become one of the more important players in the sector,” Shi said. “It would have to be a big check.”
 

Gestern über 5% im Plus, bisher heute auch fast wieder 5%, sehr schön. Schade nur, dass einem ein Teil der Performance durch den schwachen Dollar geraubt wird. Wie oben schon geschrieben, erstes Ziel jetzt 40,50 Dollar, darüber dann das ATH bei 46 Dollar. Meine langfristige Prognose habe ich ja bereits in #1 geschrieben...  

Meine Erwartungen (siehe #1) wurden übertroffen, zumindest wenn man die bereinigten Zahlen betrachtet. Für Q/2 erwarte ich nun auch mehr, dürften wohl knapp 300 Mio. Umsatz und 44 Mio. Nettogewinn werden.
Zudem wurden die Prognosen angehoben, der Kapazitätsaufbau geht schneller als geplant voran und die Auftragslage ist hervorragend. Der Wachstumsgigant bleibt also weiter voll auf seinem rasanten Wachstumspfad!


Press Release Source: Suntech Power Holdings Co., Ltd.

Suntech Reports First Quarter 2007 Financial Results
Tuesday May 29, 5:40 am ET

WUXI, China, May 29 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP - News), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced first quarter 2007 financial results.

   First Quarter 2007 Highlights
   -- Exceeding guidance, total net revenues grew 174.5% year-over-year to
      $246.7 million, and total production output grew 138.2% year-over-year
      to 64.7MW.
   -- On a non-GAAP basis(1), Suntech group's operating income was $33.8
      million and net income was $32.7 million. Excluding the impact of MSK,
      which discontinued its Japan-based production in the first quarter,
      operating income was $37.6 million and net income was $35.9 million or
      $0.22 per diluted American Depository Share (ADS). Each ADS represents
      one ordinary share.
   -- Suntech group's blended non-GAAP gross margin was 19.9% or 22.5%
      excluding MSK. Margins were impacted primarily by slower than expected
      delivery of lower priced wafers from long-term contract wafer suppliers.
      As wafer delivery is now back on track the Company believes there will
      be a positive impact on gross margins in the rest of 2007.
   -- Annualized PV cell production capacity expanded faster than originally
      anticipated, growing from 270MW to 360MW during the first quarter.
      Having already secured ample wafers to meet expanded output capacity,
      Suntech has raised its full year projected 2007 production output for
      the second time from 250MW to 325MW. 2007 year-end production capacity
      has also been raised a second time from 390MW to 480MW.
     (...)

(kompletter Bericht: http://biz.yahoo.com/prnews/070529/cntu022.html?.v=9)

 

Schade, hab die Aktie schon irgendwann Mitte des Jahres verkauft und danach aus den Augen verloren, dabei ist eigentlch alles genau so gekommen, wie ich mir das gedacht & erhofft hatte (meine Ergebnisschätzungen wurden ja sogar ganz klar übertroffen). Nur, dass es der Markt dann auch irgendwann mal endlich honoriert hat...
Allerdings hat ja auch der schwache Dollar schon wieder einen großen Teil der Performance aufgefressen, von daher ist's dann nicht ganz so dramatisch (und btw hatte ich noch Ersol und Nordex im Depot, die auch nicht so schlecht gelaufen sind...)
Aktuell bin ich jetzt mal sehr gespannt, wie die Q3-Zahlen aussehen werden, es wurde ja gemunkelt, dass auch Lieferverschiebungen von Suntech ein Grund für die sauschlechten Conergy-Zahlen waren...  

Suntech Enters Silicon Supply Contracts

Suntech Enters Fixed-Price Silicon-Wafer Supply Contracts Through 2016 With Korean Company

SAN FRANCISCO, Calif. (AP) -- Suntech Power Holdings Co. has entered two silicon-wafer supply agreements that last through 2016, the solar-products company said Wednesday.

Suntech did not disclose the supplier, which it described as a "major Korean conglomerate," nor the financial terms of the agreement, except to say that the contracts are fixed price.

The first agreement provides for wafer supplies for one and a half years, beginning in January 2008. The second is for a predetermined amount of wafers over a seven-year period starting in 2009.

Investors look favorably on supply contracts as prices for silicon, the key feedstock for solar products, has risen dramatically in a tight market. Purchasing supplies at spot prices, rather than under a fixed-price contract, is more costly.

Suntech shares rose $1.30, or 2.2 percent, to $61 in premarket trading.  

Solar Stocks Tumble On Reports Solar Investment Tax Credits Could Be Left Out Of Energy Bill


Solar stocks have been hit today by news that Senate and House Democratic leaders are considering a plan to leave renewable energy out of a pending U.S. energy bill. An alert posted Friday by the Solar Energy Industries Association on its web site says that “there are widespread reports that a decision has been made, at least provisionally, to move energy legislation without a tax title that extends the Solar Investment Tax Credits.”

The notice asserts that “a bill without the solar ITC provisions would be a tremendous lost opportunity for our industry and our country.”

Stephen Chin, an analyst at UBS, this morning asserted that removal of the tax credits from the energy bill “increases the likelihood that the credits could expire in 2008.” He writes that “an orphaned solar ITC may not find bipartisan support during an election year, increasing the likelihood of expiration.”

Chin says that the current tax credit allows commercial system owners a 30% tax credit against total system costs. Expiration of the tax credit, he says, would likely reduce solar system demand among commercial customers, which accounted for 41% of 2006 solar installations. He adds that utilities may be slow to embrace solar if a provision allowing them to take the 30% tax credit isn’t passed.

Chin notes that Applied Materials (AMAT) could see decreased demand for solar-related equipment without the tax credit, and that there also could be a negative impact on solar-wafer producer MEMC Electronic Materials (WFR), pointing out that its largest customer, Suntech (STP), is “increasingly exposed” to the U.S. solar market.

Solar stocks are suffering significant losses today:

   * First Solar (FSLR) is down $22.11, or 10.7%, to $184.74.
   * Suntech (STP) is down $5.22, or 8.5%, to $56.33.
   * SunPower (SPWR) is down $15.57, or 12.1%, to $113.13.
   * MEMC (WFR) is down $3.04, or 4.3%, to $68.12.
   * Applied Materials (AMAT) is down 28 cents, or 1.5%, at $18.43.
   * JA Solar (JASO) is down $3.84, or 7%, at $50.67.
   * Evergreen Solar (ESLR) is down $1.28, or 9.1%, at $12.80.
   * Canadian Solar (CSIQ) is down 75 cents, or 6.7%, at $10.37.
   * LDK Solar (LDK) is down $2.35, or 5.8%, at $38.07.
   * Yingli Green Energy (YGE) is down $4.05, or 12.7%, at $27.80.

 

Suntech 3Q Profit Up on Rising Demand
Suntech 3rd-Quarter Profit Climbs 43.8 Percent As Production Ramps to Meet Strong Demand


NEW YORK (Associated Press) - Suntech Power Holdings Co. said Thursday its third-quarter profit rose sharply as the solar-products maker increased production to meet "robust demand."

Net income rose 43.8 percent to $41.3 million, or 25 cents per share, from $28.7 million, or 19 cents per share, a year earlier. Revenue rose 94.7 percent to $317.4 million from $163 million.

Results missed Wall Street estimates. Analysts polled by Thomson Financial expected earnings of 28 cents per share on revenue of $355 million, on average.

"Our recent long term silicon contracts with Asia Silicon, Nitol Solar, ReneSola and a major Korean conglomerate mark a major turning point for Suntech's silicon supply environment as they will both enhance our margins and expand our volume," Chief Executive Zhengrong Shi said in a statement.

During the third quarter, Suntech produced solar cells and modules with over 100 megawatts of annual generating capacity. A one-megawatt power plant running continuously at full capacity can power 778 households each year, according to the Department of Energy. Solar technologies have lower capacity factors since their availability to generate power is constrained by availability of the sun.

Suntech's recently reported long-term supply contracts for silicon, the expensive feedstock for solar products, will allow the company to expand production further without subjecting Suntech to spot prices, Shi said. Investors have urged solar companies to control costs to make solar products less expensive and more competitive with traditional grid power.

"These new contracts not only allow us to accelerate our growth, they also significantly decrease our long term cost of silicon and bring Suntech closer to the goal of grid parity," She said.

Suntech shares rose $2.81 or 4.6 percent, to $64.50 in premarket trading after closing at $61.69 on Wednesday.  

Suntech Moves Up 1GW Capacity Target

Suntech Targets 1 Gigawatt Production Capacity by End of 2008, Previous Goal Was 2010

Suntech Power Holdings Co. said Thursday it expects to reach a 1 gigawatt production capacity target by the end of 2008, two years ahead of schedule.

As a result of its production outlook, Suntech expects revenue of $1.9 billion to $2.1 billion next year. Analysts polled by Thomson Financial expected revenue of $1.95 billion, on average.

The company earlier set a production capacity target of 600 megawatts by the end of 2008 and expected to reach the 1 gigawatt target by the end of 2010. Suntech said it has secured enough polysilicon with its recently reported supply contracts to produce more than 530 megawatts of generating capacity next year.

A one-megawatt power plant running continuously at full capacity can power 778 households each year, according to the Department of Energy. Solar technologies have lower capacity factors since their availability to generate power is constrained by availability of the sun.

Suntech also lifted its year-end capacity target and sales volume forecast for 2007.

The company now targets a production capacity of 540 megawatts by the end of the year, compared with an earlier target of 480 megawatts. It expects full-year sales volumes of 363 megawatts to 365 megawatts of annual generating capacity, compared with its previous 325 megawatts forecast.

The full-year 2007 forecasts include a fourth-quarter sales volume outlook of 109 megawatts to 111 megawatts of annual generating capacity. Suntech expects fourth-quarter gross margins, excluding charges, to improve by 50 to 100 basis points from the previous quarter.

Suntech shares jumped $5.31, or 8.6 percent, to $67 in premarket trading after closing at $61.69 on Wednesday  

THINKEQUITY UPS TARGET FOR SUNTECH POWER HOLDINGS

ThinkEquity analyst Jonathan Hoopers says ahead of Suntech Power's (STP) third quarter earnings release today, he increased his $1.86 billion fiscal year 2008 revenue estimate to $1.98 billion, representing 46% year-over-year growth on 62% year-over-year growth in megawatts of production. He notes third quarter results were impressive.

Hoopers says STP has been one of the most active Solar PV companies in signing up new polysilicon and wafer supply contracts. While details of these contracts are not always available, he says it appears the company is intent on firming up as much supply as possible to facilitate rapid production expansion.

The analyst raises his price target to $90, 39 times his $2.30 2009 EPS estimate, a multiple more in line with the company's strong market position and growth outlook.  

Kann sich Suntech dem jüngsten Rückgang der Solarwerte in Deutschland widersetzen? Was glaubt Ihr? Immerhin geht momentan fast alles in den Export und trifft da auf die Lieferungen auch aus Deutschland. Eine stärkere Verwendung in China bedarf wohl erst noch ähnlicher Subventionen wie in Europa. Wer weiß etwas darüber, wie weit man dabei ist?  

 

 

Despite higher polysilicon prices, most Greater China solar panel manufacturers say they plan to lower or keep prices steady to win market share. This is according to Global Sources’ (Nasdaq: GSOL) China Sourcing Report: Solar Panels ( http://www.chinasourcingreports.com ).

(Logo: http://www.xprn.com/xprn/sa/200708071747.jpg )

The Report shows 88 percent of suppliers plan to decrease or keep prices stable, while only 12 percent plan to increase prices.

"With the polysilicon shortage expected to continue until 2009, most manufacturers are implementing measures to streamline production," said Report publisher, Spenser Au. "These include expanding to gain economies of scale, backward integration and R&D to produce thinner solar cells that require less polysilicon."

Among respondents’ plans to lower production costs:

-- 28 percent are looking for ways to reduce waste;
-- 27 percent are increasing automation; and
-- 25 percent are upgrading management systems.

The remaining 20 percent say they plan to focus on vertical integration and decreasing defects to improve manufacturing efficiency.

Greater China Solar Panel Exporters Facing Challenges

Au said: "Manufacturers are generally optimistic, with 97 percent expecting exports to increase over the next 12 months. However, with excess capacity in the high double-digits, a larger number of suppliers are reducing prices to gain orders."

Among surveyed suppliers’ primary concerns for the next 12 months:

-- 60 percent cited price competition;
-- 25 percent said raw material costs;
-- 7 percent indicated stricter overseas standards;
-- 5 percent cited design copying; and
-- 3 percent indicated labor shortages.

In-Factory Interviews, Price Forecasts and New Solar Panel Export Models

The 98-page China Sourcing Report: Solar Panels provides detailed profiles of 60 suppliers with verified manufacturing and export credentials. It includes a Product Gallery featuring 86 of the most popular export models, with key specifications and full-color pictures.

The Report’s surveys, price trends and supply forecasts help buyers make better-informed purchasing decisions.

Specialized Global Sources Websites, Trade Shows, Magazines and Research Reports

China Sourcing Reports ( http://www.chinasourcingreports.com ) are part of Global Sources’ sourcing and product information services. These include Global Sources Online ( http://www.globalsources.com ), Global Sources Trade Magazines, Global Sources Direct ( http://www.GlobalSourcesDirect.com ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com ). For more information, visit http://www.corporate.globalsources.com .

The China Sourcing Report: Solar Panels is available for purchase at http://www.chinasourcingreports.com/solarpanels07 .

Information about Greater China solar panel suppliers and products can be found at
http://www.chinasuppliers.globalsources.com/...liers/Solar-Panels.htm .

About Global Sources

Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 647,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 160,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.

Suppliers receive more than 23 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for 36 years. In mainland China it has over 2,000 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for
Chinese-language media.  

Suntech to Present at Upcoming Investor Conferences
PR Newswire
November 26, 2007: 08:00 AM EST

SAN FRANCISCO, Calif., Nov. 26 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that management is scheduled to present at the following upcoming investor conferences:

   -- Credit Suisse 2007 Annual Technology Conference on November 27, 2007 in
      Phoenix, Arizona.  The conference will be held at The Phoenician.
      Management will present at 5:00p.m. MST.
   -- ThinkEquity Greentech Summit on December 5, 2007 in San Francisco,
      California.  The conference will be held at the St. Regis Hotel.
      Management will present at 9:30a.m. PT.
   -- Lehman Brothers Global Technology Conference on December 6, 2007 in San
      Francisco, California.  The conference will be held at the Fairmont
      Hotel.  Management will present at 4:30p.m. PT.

Webcasts of management presentations will be available on the ''Investors'' section of the Suntech website: http://www.suntech-power.com under ''Events.''

About Suntech

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .  

hoffe Du feierst noch Geburtstag, musst ein feiner Kerl sein = familie, Kinder k¨mmern etc

deshalb habe ich den ganzen Abend für STP & SPWR mitgezittert..;-)

aber

das "Team" hat's wieder geschafft:

Extended Hours: Last  68.15 Change  +0.67 (+0.99%)

nicht berauschend , aber nachdem Anfang heute in NY...ist das SUPER

see u in ...NY ????  

Besten Dank für die Auflistung von Fundstellen zur Vertiefung Solar/China.
Hatte bisher nur die Aufsätze aus "seekingalpha.com" gelesen und werde mich jetzt über die anderen Quellen hermachen.