Suntech Power Holdings Co. Ltd. (STP) recently set a new world record for multi-crystalline module conversion efficiency (aperture area only) of 16.53%. The company topped its own prior record of 15.6% set in the last month which beat the long-standing world record of 15.5% set by Sandia National Labs 15 years ago. The new world record conversion efficiency was measured by the Fraunhofer Institute for Solar Energy Systems ISE.

Suntech Power based from Wuxi, China, is a leading solar energy company in the world. The company designs, develops, manufactures and markets PV cells and modules. It also provides PV system integration services in China. Suntech caters to a worldwide customer base spread around Spain, Germany, the United States, China, South Korea, Italy, the Middle East, Australia and Japan.

For its multi-crystalline silicon modules, Suntech uses its patent-pending Pluto PV cells utilizing solar grade silicon. The Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.

The company is well positioned to benefit from the Chinese solar subsidy program. China is aiming to increase its installed solar power capacity to 2GW by 2011 from 140MW at the end of fiscal 2008.

We maintain our Neutral recommendation on the shares.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (STP) Suntech Power Holdings Company Introduces Module VariantSuntech Power Holdings Company Ltd. (STP) introduced a new 60 cell multi-crystalline photovoltaic (PV) Module...
2. (CSIQ) Canadian Solar Makes Chinese InroadsCanadian Solar Inc. (CSIQ) yesterday announced that is has obtained rights to design, install, operate...
3. (FLR) Fluor Awarded Engineering Contract for Power PlantsYesterday, Fluor Corporation (FLR) announced that it has been awarded an engineering services contract to...
4. (STP) Suntech Q2 Profit FallsSuntech Power Holdings Co. Ltd. (STP) failed to live up to market expectations of a...
5. (TSL) Sun Still Shines on Trina SolarIn the news this morning, Trina Solar (NYSE: TSL) announced that fourth quarter revenues would...
6. (AWH) Allied World Assurance Company Holdings – ROE of 18% – double the industry average of 9%Allied World Assurance Company Holdings Ltd. (AWH) is seeing higher earnings estimates ahead of its...

Search Posts by Tag: STP | Suntech Power Holdings Company Ltd | Featured

RSS Feeds by Tag: STP | Suntech Power Holdings Company Ltd | Featured |

Other Posts by: vitalstocks | RSS Feed for this author