Top China ADR Portal

China ADR stock research

Fundamental Analysis

Fundamental Analysis

China solar stocks shine

China solar stocks shine

May 26, 2010 (Chinavestor) Solarfun Power Holdings (NASDAQ:SOLF) advanced 13.24% or $.88 to $7.15 on Wednesday following a robust 2010 first quarter report. But it wasn't just this solar play that reported better-than-expected first quarter. Trina Solar (NYSE:TSL) and Yingli Green Energy (NYSE:YGE) did just that earlier this week.  ReneSola Ltd. (NYSE:SOL), China Sunergy (NASDAQ:CSUN) and JA Solar (NASDAQ:JASO) beat estimates earlier the month, also.

One of the most important observations so far is that each and every Chinese solar market returned to profitability or remained profitable in the first three months of the year.


And it's not just about financial performance but increase in demand, production and firm margins. Solarfun Power (NASDAQ:SOLF) reported shipments of solar systems to increase to 150.6 MW from 110.8 MW in the previous quarter or from 35.7 MW a year earlier. Now the company is expecting 160-170 MW of deliveries in the next three months.

Trina Solar (NYSE:TSL) delivered 19. MW of solar systems in the first three months of 2010 above consensus estimate of 190 MW. The company said to expect 200-205 MW of shipment for the next three months. Trina has one of the best balance sheets in the industry with over $600 million cash thanks to the secondary offering earlier this year.

There are two factors that hinder sudden price appreciation of solar stocks though: price of oil and the euro/dollar exchange rate. Converge on this issue: Solar stocks and the dollar.

To compare solar companies from a financial point of view, look up the following revenues/earnings and stock price charts below of those companies that have reported in the first quarter already.

 
Fundamental Analysis

Earnings From Online Gaming Firms A Mixed Bag

Earnings From Online Gaming Firms A Mixed Bag May 21, 2010 (Chinavestor) – China's top online gaming firms reported earnings this week and it was a mixed bag from the likes of Giant Interactive (NYSE:GA), Netease.com (Nasdaq:NTES) and Perfect...
Read more...
Fundamental Analysis

Inside & Out: Ctrip 2010 First Quarter

Inside & Out: Ctrip 2010 First Quarter May 19, 2010 (Jiayu Tian) Ctrip.com (NASDAQ:CTRP), the largest Chinese online travel agency, reported first quarter financials last Tuesday. Ctrip’s quarterly net revenue reached $86 millions to ...
Read more...
Fundamental Analysis

Chinese telecom industry in 2009

Chinese telecom industry in 2009 March 24, 2010 (Chinavestor) China Unicom (NYSE:CHU), the second largest Chinese mobile carrier, reported 2009 financial report today, giving investors a chance to assess the latest developments with...
Read more...
Fundamental Analysis

Mindray Medical (MR) - Initiated BUY

Mindray Medical (MR) - Initiated BUY March 15, 2010 (Chinavestor) We recommend a BUY rating for Mindray Medical International Limited (NYSE:MR), as it continues to outperform the medical industry and its competitors in summary performan...
Read more...
Fundamental Analysis

Complete 2009 Q4 China Solar Stock Guide

Complete 2009 Q4 China Solar Stock Guide March 12, 2010 (Chinavestor) A long list of Chinese solar makers reported 2009 Q4 numbers by now. China Sunergy (NASDAQ:CSUN) did so in the morning before the bell, giving investors an opportunity to...
Read more...
Fundamental Analysis

WuXi Pharma lacks growth, promises more

WuXi Pharma lacks growth, promises more March 9, 2010 (Chinavestor) Volatile Chinese pharmaceutical company, WuXi Pharmatech Inc. (NYSE:WX) reported 2009 fourth quarter earnings today. When it comes to quarterly earnings it's always easy...
Read more...
Fundamental Analysis

When a chart is worth 1000 words

When a chart is worth 1000 words March 2, 2010 (Chinavestor) Shares of online game companies took a huge blow on Monday following earnings releases of Perfect World (NASDAQ:PWRD), Shanda Games (NASDAQ:GAME) and her parent, Shand...
Read more...
Fundamental Analysis

Chinavestor Downgrades China Southern Airlines to Hold

Chinavestor Downgrades China Southern Airlines to Hold Summary We recommend a HOLD rating on China Southern Airlines Limited (NYSE:ZNH), as we expect recovery in passenger demand and earnings to be gradual and slow in 2010. With government financial in...
Read more...
Page 4 of 9

Online Courses

We train investors and traders, help professionals be more effective in their work. See available courses.

advance_10
Register

Free weekly newsletter

Get hot China stock news every Monday