Solarfun Power
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?
Further Foolishness:
Suntech Power is a Motley Fool Rule Breakers recommendation.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings if you like, and Foolish disclosure looks awesome with a tan.