Suntech Power Is a High Risk Investment with Considerable Upside Potential

Filed under: Suntech Power Hldgs ADS (STP), Stocks to Buy

Shares of photovoltaic play Suntech Power Holdings Co. Ltd. (STP), first discussed here on July 28, 2009 at a price of $19.24, continues to exasperate, but I still like the shares. Here's why:



Look for Suntech's 2010 revenue to surge 30-40% on increased customer demand and better financing arrangements. Meanwhile, China's solar subsidy program, as well as U.S. government initiatives to invest in renewable energy, should continue to stimulate sector growth. On the downside, retail prices may drop slightly in 2010.

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Suntech Power Is a High Risk Investment with Considerable Upside Potential originally appeared on BloggingStocks on Wed, 07 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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