Solarfun Power Should Again Provide Earnings Upside Surprise - Jon Jacksonn

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Solarfun Power Should Again Provide Earnings Upside Surprise
Aug 14, 2008 09:37 AM UTC

Jon Jacksonn

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Symbol	Sentiment	Start	Return	Closed
SOLF		08/14/08	-52.53%	--
MS	n/a

Via Long Investment Ideas from Seeking Alpha:

Solarfun power (SOLF) has been beating Street consensus estimates for three continous quarters now, and this time is no exception. Based on the events and news releases of the last few months, this company likely easily beats the Street by huge margin, and continues to see its stock price soar higher.

There are a few things investors need to pay attention to. Tuesday Morgan Stanley (MS) took an offer from solarfun in the form of an at-the-market equity offering. Investors welcomed this event with a stock price 7% move up Wednesday. Keep in mind, back in June 2008, Morgan Stanley bought 8M shares of Solarfun at the price of $20 after the market close. The I-bank apparently has full confidence in this company.

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