The company shipped out photovoltaic modules with a capacity of 28.1 megawatts in the fourth quarter of 2007, up nearly threefold over the year-ago volume. Total revenue quadrupled to $135.4 million, and net earnings doubled year over year to $9.1 million. Earnings per depositary share were up 4% sequentially to $0.19 per ADS, compared to $0.18 in the third quarter.
Solarfun is still a much smaller operator than fellow Chinese silicon tanners Suntech Power
The sector looks ready for some consolidation, but the multinational spread of the competitors means that it will take a long time to settle the details. In the meantime, we might see smaller mergers and acquisitions with a local flavor. But whether or not a buyout is in the cards for Solarfun -- or any of its smallish rivals, for that matter -- the world is clamoring for alternative power sources and the demand spike should support lots of growth.
Now, where did Daddy park that T-bird?
Suntech Power is a Motley Fool Rule Breakers recommendation.