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10 pts

Opinion on  Suntech Power Holdings Co Ltd (STP)     Sector: Utilities  >  Industry: Electric Utilities
From profits to losses

Dec 18, 2008 07:06 PM GMT
Anything
Return Risk
+8.38% HIGH
Sr. Associate

My prediction is SunTech moves into the red in the next 24 months, and when it does it will struggle to come out of the red. The balance sheet has enough debt and ST liabilities to challenge it going forward, but certainly capital raisings can change my target price. Solar industry is low margin business even for the low-cost provider. If Suntech loses cost advantages, this is a big problem.

STP:  This call was made on 12/18/08 @ $10.47
Rating:   Negative   $10.47 (12/18/08)
Closed:   02/24/2009 @ $7.3301 (+29.99% in 67 days)
Target:   $2.00 (-80.90%) in > one year


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Jpeg_sun4agk
Locationh   61%     1 point   commented 335 days ago reply

STP seems to keep coming back up for discussion on this board. If you purchased it back on November 20 I would sell today and take my profits or at least get back my original investment. Earnings were down in last report however if and when Obama starts spending on new projects this puppy may take off.

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utopius previously rated STP
Negative -10.50% Solar is brutally competitive, and may not be the answer anyhow
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