Chinese solar ADRs are extremely volatile. As the following summary table reveals, shares of Solarfun Power (SOLF) are up 47% just in August yet investors bought into the company on January 2nd. are down 45% year-to-date (YTD).

And Solarfun is no exception. All Chinese solar ADRs but Canadian Solar (CSIQ) are trading way below their January 2, 2008 level turning this hot sector of 2007 into disaster in 2008.

Ticker		Name	Last Price	YTD	One month	Market Cap	Volume	Year Low	Year High	EPS	P/E
SOLF		SOLARFUN POWER	$19.75	-45%	47%	955.7M	7,604,775	$8.95	$ 40.19	0.77	24.09
LDK		LDK SOLAR CO ADR	$45.82	-7%	40%	4.879B	2,021,650	$19.64	$76.75	2.52	18.40
STP		SUNTECH POWER	$46.75	-46%	40%	7.159B	6,297,829	$28.19	$90.00	1.18	37.98
CSUN		CHINA SUNERGY CO.	$11.72	-34%	37%	464.3M	11,671,836	$4.83	$19.23	(0.27)	N/A
TSL		TRINA SOLAR LTD A	$33.17	-40%	23%	828.3M	888,160	$25.33	$68.26	2.20	15.10
JASO		JA SOLAR HOLDINGS	$17.92	-28%	16%	3.009B	2,472,395	$9.84	$27.00	0.39	45.39
CSIQ		CANADIAN SOLAR IN	$31.88	11%	11%	895.3M	2,169,034	$7.08	$51.80	1.28	24.78
YGE		YINGLI GRN ENGY A	$17.86	-54%	7%	2.276B	9,027,755	$13.11	$41.50	0.81	19.00

Despite huge losses for the first 7 months of the year, August was the month for solar companies. As the following chart displays - click here- shares of LDK, CSIQ, JASO, SOL, STP, and CSUN are all up double digit in the month of August. So far we have three Chinese ADRs reported earnings: industry leader Suntech (STP) reported stellar 2008 Q2 and improved outlook for Q3 on Aug 20th, setting the tone for the rest. CSUN on Aug 22 - related article is here and TSL on Aug 18 - related article is here.

Based on what we've seen, China solar industry looks to have a bright future. China boosts the most installed capacity on earth surpassing Germany, creating a solid platform for Chinese companies to expand domestically and internationally. For detailed company reports, please call us at 203-463-9416 or send us an email: info@chinavestor.com