SOLF

[422fwhp]

I added to my short today and believe it will fill the gap sooner than later...JMO.

Almost a bearish engulfing candle that nearly gave up all of yesterday's gains.  It DID however close right on the 13dma (positive for longs)...and could really go either way, imo.

I wasn't really convinced by Barron's article or by what W.Buffet had to say and took it more as, "sell the news".  I'm still too skeptical to go long and most of my trades are very short term...taking profits when I have them.

Opinions?


Jody

[pinoleropuro]

support1 is at around $15.22
support2 is at around $15.88
trend is positive for last two trading sessions
daly stochastics are not at overbaught
weekly stochastics are at the bottom
this could turn around and go up from here.
good luck!

[BigSully1]

Solar stocks are "firing" up today.

[BigSully1]

Solarfun Reports 2007 Full-Year and Fourth Quarter Results
Thursday March 27, 8:04 am ET


SHANGHAI, China--(BUSINESS WIRE)--Solarfun Power Holdings Co., Ltd. ("Solarfun" or "the Company") (NASDAQ:SOLF - News), a vertically integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, today reported its unaudited financial results for the fourth quarter and the year ended December 31, 2007.
ADVERTISEMENT


2007 ANNUAL RESULTS

* Net revenue was RMB 2.395 billion (US$ 328.3 million), up 280% from 2006

* Total PV module shipments as reported were 78.4 MW, up 310% from 19.1 MW in 2006 (Note: Full year shipments were actually 80.6 MW. However, due to certain conditions which require future deliveries of products in order to secure payment for the shipments made in 4Q07, we have deferred revenue recognition until the future deliveries have been made and the cash has been collected.)

* The average selling price was $3.74 for 2007

* Gross profit reached RMB 397.8 million (US$54.5 million), rising over 116% from 2006

* Gross margins reached 16.6% for the full year 2007, showing continuing improvement beginning in 2Q07

* Net income was RMB 148.0 million (US$20.3 million), rising 40% from 2006

* Earnings per basic ADS were RMB 3.081 (US$ 0.42), down from RMB 4.76(US$0.60) in 2006. There was a 132% increase in basic shares outstanding as a result of the Company's initial public offering in December 2006

Mr. Yonghua Lu, Chairman of Solarfun commented, "The year 2007 was a period of significant progress for the Company and I believe established a foundation for further growth in the burgeoning PV industry. Our financial results met our expectations and showed progress in key measures such as revenue and profit growth. They are also a reflection of our increased scale, vertical integration, broadened customer base, and successful ability to secure supply of key raw materials to meet our growth objectives."

"Specifically, we expanded manufacturing capacity to a year-end level of 240 MW, acquired and began production of ingots at our 52 %-owned ingot manufacturing facility - Jiangsu Yangguang Solar Technology Co. Ltd., increased our customer base more than six-fold, and signed five significant supply contracts totaling $1.4 billion, four of which were with suppliers outside of China."

"We also achieved a few other significant milestones over the past year. We significantly strengthened our senior management team with a group of executives with relevant industry experience and global expertise and improved our internal management structure and discipline to keep pace with our rapid growth. Additionally, we believe that the increased share ownership of Good Energies provides us with access to significant additional industry expertise and will contribute to the long-term success of our business," concluded Chairman Lu.

FOURTH QUARTER 2007 HIGHLIGHTS

* Net revenue was RMB 987.8 million (US$ 135.4 million), a 304% increase over 4Q06 and a 31% increase from the 3Q07

* PV module shipments as reported totaled 28.1 MW, which was nearly three times higher than 4Q06 and continued successive quarter-over-quarter shipment increases. Module shipments were 27.3 MW in 3Q07 (Note: 4Q07 shipments were actually 30 MW. However, as mentioned above, due to certain conditions which require future deliveries of products in order to secure payment for the shipments made in 4Q07, we have deferred revenue recognition until the future deliveries have been made and the cash has been collected.)

* The average selling price ("ASP") was $3.85, which rose from $3.66 in 3Q07

* Gross profit rose 45.3 % from 3Q07 to RMB 174.5 million (US$ 23.9 million)

* Gross margin reached 17.7%, the third consecutive quarter-over-quarter increase.

* Operating expenses as a percent of sales were 8.3%, which was a decrease from 12.4% in 4Q06, but a rise from 7.0% in 3Q07.

* Exchange losses of RMB 3.3 million (US $ 0.5 million) were up from RMB 2.2 million in 4Q06 and RMB 0.70 million in 3Q07.

* Net income was RMB 66.4 million (US$ 9.1 million), a rise of 101% over 4Q06.

* Earnings per basic ADS were RMB 1.38 (US$ 0.19), an increase of 4.2% from RMB 1.32 (US$ 0.18 in 3Q07.

Harold Hoskens, CEO of Solarfun, noted "The fourth quarter concluded an outstanding year for the Company with sequential momentum in shipments, ASP's and gross margins. We had a non-recurring trend of increased G&A expenses during the quarter, due largely to a ramp-up in our infrastructure costs, including the consolidation of Yangguang, legal expenses associated with becoming a public company, including SOX compliance and audit fees, as well as a larger management infrastructure and non-cash items such as stock-based compensation."

FINANCIAL POSITION

As of December 31, 2007 the Company had cash and cash equivalents of RMB 273 million (US$ 37.4 million) and working capital of RMB 959.8 million (US$ 131.6 million). Total bank borrowings were RMB 980 million (US$ 134.3 million). Note that on January 29, 2008 the Company placed US $172.5 million of Convertible Senior Notes due 2018.

Net accounts receivable decreased to RMB 430.69 million (US$ 59 million) due to continued focus on cash management practices. Days sales outstanding (DSO's) improved to 51 days from 62 days in 3Q07.

MANAGEMENT CHANGES

On January 3, 2008 the Company announced the appointment of Harold Hoskens as CEO beginning on February 25, 2008. Mr. Hoskens joins Solarfun from TPO Displays Corporation, Chunan, Taiwan, where he recently served as Deputy CEO. Harold began his career with Royal Philips in 1988, and moved to the Royal Philips' Mobile Display Systems (MDS) division in Hong Kong, serving as CEO beginning in 2003.

Mr Lu continues to serve as Chairman and will remain actively involved in areas of strategic importance to Solarfun.

BUSINESS OUTLOOK

FIRST QUARTER 2008

Based on current operating trends and other conditions, Solarfun is providing first quarter 2008 and full year 2008 guidance as follows:

* Although the first quarter is not yet concluded, management believes that shipments for 1Q08 will continue to improve. Volumes are expected to be at least 35 MW. ASP's should remain strong and relatively constant.

* The Company was affected by the winter weather in China in February and continues to be affected by the relatively tight supply and increasing costs of polysilicon. Therefore, management would expect these factors to have some downward pressure on gross margins for the first quarter of 2008.

FULL YEAR 2008

* Based on existing sales and pricing, contracted supply agreements, and other expected business and industry conditions, management provided the following guidance for the full year 2008: The Company has sales contracts totaling over 160 MW (a level that is over double last year's 78.4MW) and expects prices to be flat or slightly higher from the $3.74 recorded for the full year 2007. Solarfun has secured supply of polysilicon on a contracted basis slightly exceeding its contracted sales volume.

* Capacity will increase from 240 MW to 360 MW by mid-year 2008.

* Management has seen a continued tightness of polysilicon supply and escalating prices on the spot market. With these conditions expected to exist throughout most or all of 2008, management believes some continued negative impact on gross margins from the level achieved in 2007.

CEO Harold Hoskens concluded, "2008 is a mix of opportunities and challenges. We believe Solarfun is well-positioned to continue to gain market share, expand scale, improve our manufacturing efficiencies, penetrate new markets, and develop and expand our supply chain in both China and elsewhere. Our management team, Board of Directors, and key shareholders are determined and committed to building shareholder value over the long term "

Conference Call:

Management will host a conference call to discuss the results at 8:00 am U.S. Eastern Time (8:00 pm Shanghai time) on March 27, 2008.

The dial-in details for the live conference call are as follows:

- U.S. Toll Free Number:
    +1 877 847 0047

- International dial-in number:
  +852 3006 8101

- China Toll Free Number:
  800 876 5011

Passcode: Solarfun   


A live webcast of the conference call will be available on the investor relations section of the Company's website at: http://www.solarfun.com.cn. A replay of the webcast will be available for one month.

A telephone replay of the call will be available for twenty-four hours after the conclusion of the conference call. The dial-in details for the replay are as follows:

- U.S. Toll Free Number:     +1 877 847 0047 
- International dial-in number:   +852 3006 8101 
Passcode: 280293   


FINANCIAL STATEMENTS:

SOLARFUN POWER HOLDINGS CO., LTD. 
CONSOLIDATED BALANCE SHEETS 
(Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), 
except for number of shares and per share data) 
             
  December 31   December 31   December 31 
  2006   2007   2007 
  (Unaudited)   (Unaudited)   (Unaudited) 
  RMB   RMB   US$ 
ASSETS       
Current assets       
Cash and cash equivalents   1,137,792   272,928   37,415 
Restricted cash   33,822   42,253   5,792 
Accounts receivable, net   147,834   430,692   59,043 
Inventories, net   372,504   728,480   99,866 
Advance to suppliers   238,178   640,118   87,752 
Other current assets   75,525   218,917   30,011 
Deferred tax assets   3,400   3,026   415 
Amount due from related parties   153   920   126 
Amount due from shareholders   578   -   - 
   
   
   

Total current assets   2,009,786   2,337,334   320,420 
   
   
   

Non-current assets       
Fixed assets – net   207,449   702,884   96,357 
Intangible assets – net   12,897   94,282   12,925 
Deferred tax assets   -   4,767   653 
Long-term deferred expenses   -   209,946   28,781 
Long-term investment   300   300   41 
   
   
   

         
Total non-current assets   220,646   1,012,179   138,757 
   
   
   

TOTAL ASSETS   2,230,432   3,349,513   459,177 
   
   
   

LIABILITIES AND SHAREHOLDERS' EQUITY       
Current liabilities       
Short-term bank borrowings   379,900   980,002   134,346 
Long-term bank borrowings, current portion   16,000   -   - 
Accounts payable   51,452   141,709   19,426 
Notes payable   14,020   -   - 
Accrued expenses and other liabilities   33,619   135,395   18,562 
Customer deposits   17   27,628   3,788 
Amount due to related parties   32,058   92,739   12,713 
   
   
   

Total current liabilities   527,066   1,377,473   188,835 
   
   
   

Non-current liabilities       
Long-term bank borrowings, non-current portion   15,000   -   - 
Deferred tax liability   -   9,038   1,239 
   
   
   

Total non-current liabilities   15,000   9,038   1,239 
   
   
   

Commitments and contingencies       
         
Minority interests   10,151   100,420   13,766 
   
   
   

Shareholders' equity       
Ordinary shares       
(par value US$0.0001 per share; 400,000,000 shares authorized; 239,994,754 shares and 241,954,744 issued and outstanding at December 31, 2006 and 2007, respectively   193   194   27 
Additional paid-in capital   1,565,524   1,601,853   219,594 
Statutory reserves   16,024   37,548   5,147 
Retained earnings   96,474   222,987   30,569 
   
   
   

Total shareholders' equity   1,678,215   1,862,582   255,337 
   
   
   

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   2,230,432   3,349,513   459,177 
   
   
   

SOLARFUN POWER HOLDINGS CO., LTD. 
CONSOLIDATED STATEMENTS OF OPERATIONS 
(Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), 
except for number of shares and per share data) 
                         
  For the three months ended   For the years ended 
  December 31   September 30,   December 31   December 31   December 31   December 31 
  2006   2007   2007   2006   2007   2007 
  (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
  RMB   RMB   RMB   RMB   RMB   USD 
Net revenue             
Photovoltaic modules   244,163   752,613
  804,164   604,317   2,209,514   302,897 
Photovoltaic cells   558   1,227   50,025   7,182   52,019   7,131 
Photovoltaic cells processing   (53)   -   -   19,408   -   - 
PV modules processing   -   -   5,876   -   5,876   806 
Others   -   -   127,706   -   127,726   17,510 
               
Total net revenue   244,668   753,840   987,771   630,907   2,395,135   328,344 
               
Cost of revenue             
Photovoltaic modules   (178,626)   (632,643)
  (653,667)   (434,493)   (1,835,886)   (251,677) 
Photovoltaic cells   (435)   (1,072)   (47,476)   (5,983)   (49,332)   (6,763) 
Photovoltaic cells processing   (40)   -   -   (6,054)   -   - 
PV modules processing   -   -   (2,014)   -   (2,014)   (276) 
Others   -   -   (110,110)   -   (110,123)   (15,097) 
               
Total cost of revenue   (179,101)   (633,715)   (813,267)   (446,530)   (1,997,355)   (273,813) 
               
Gross profit   65,567   120,125   174,504   184,377   397,780   54,531 
               
Operating expenses             
Selling expenses   (5,860)   (20,158)   (23,167)   (11,883)   (62,777)   (8,606) 
G&A expenses   (20,629)   (28,971)   (50,153)   (52,214)   (113,756)   (15,595) 
R&D expenses   (3,800)   (3,277)   (8,506)   (6,523)   (27,440)   (3,761) 
               
Total operating expenses   (30,289)   (52,406)   (81,826)   (70,620)   (203,973)   (27,962) 
               
Operating profit   35,278   67,719   92,678   113,757   193,807   26,569 
               
Interest expenses   (4,547)   (6,683)   (11,293)   (8,402)   (25,978)   (3,561) 
Interest income   834   4,333   (1,805)   1,326   16,244   2,227 
Exchange losses   (2,223)   (698)   (3,307)   (4,346)   (25,628)   (3,513) 
Other income   416   5,806   (7,552)   902   1,505   206 
Other expenses   (362)   (6,957)   (2,032)   (836)   (9,670)   (1,326) 
Value of embedded foreign currency derivative   919   -   -   (163)   -   - 
Government grant   212   700   1,369   852   2,089   286 
               
Net income (loss) before income tax and minority interest
             
30,527   64,220   68,058   103,090   152,369   20,888 
               
               
Income tax benefit / (expenses)   2,559   (1,331)   (3,814)   3,132   (7,458)   (1,022) 
Minority interest   (35)   686   2,199   (301)   3,124   428 
               
Net income (loss)   33,051   63,575   66,443   105,921   148,035   20,294 
               
Net income attributable to ordinary shareholders
             
29,500   63,575   66,443   98,695   148,035   20,294 
               
               
Net income/ (loss) per share             
Basic   0.2602   0.2649   0.2759   0.9524   0.6163   0.0845 
Diluted   0.1760   0.2649   0.2759   0.7454   0.6163   0.0845 
               
Shares used in computation             
Basic   113,370,310   240,024,754   240,807,142   103,631,832   240,199,520   240,199,520 
Diluted   187,820,841   240,024,754   240,807,142   142,108,460   240,199,520   240,199,520 
               
               
Net income/ (loss) per ADS             
Basic   1.3010   1.3243   1.3796   4.7618   3.0815   0.4224 
Diluted   0.8799   1.3243   1.3796   3.7268   3.0815   0.4224 
               
ADSs used in computation             
Basic   22,674,062   48,004,951   48,161,428   20,726,366   48,039,904   48,039,904 
Diluted   37,564,168   48,004,951   48,161,428   28,421,692   48,039,904   48,039,904 


The conversion in this release of Renminbi into U.S. dollars is made solely for the convenience of the reader, and is based on the noon buying rate in The City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of December 31, 2007, which was RMB7.2946 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on December 31, 2007, or at any other date. The percentages stated in this press release are calculated based on Renminbi amounts.

Safe Harbor Statement

This news release contains forward-looking statements, as defined under the Private Securities Litigation Reform Act of 1995, such as the Company's business outlook for 2008, including first quarter and full year 2008 estimates for net revenue, PV product shipments, raw materials and product prices, PV cell production capacity and gross margins. Forward-looking statements involve inherent risks and uncertainties and actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Solarfun disclaims any obligation to update or correct this information.

About Solarfun

Solarfun Power Holdings Co, Ltd. manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. SOLF-G

http://www.solarfun.com.cn

[422fwhp]

Solars look hot again...made good money on the short...now time to go long?

[wpSoft2008]

SOLF is one of my picks in week 3 of my trading system testing:

http://www.3stocksonfire.org/trading/index.php?topic=11073.0

[setravis]

Volume Alert !  Red hot solar energy sector...
Great day in the morning....nice...
Rockets...on a pick up in volume.
Head and Shoulders Bottom (reversal) Pattern.
Will report earnings on the 21st of may 2008


52wk Range: 8.22 - 40.19
Volume: 22,750,356
Avg Vol (3m): 4,575,270
Market Cap: 1.11B
P/E (ttm): 51.91
EPS (ttm): 0.44

Technicals
Last Price Quote is:
48.59%above 13-day MA
56.96%above 50-day MA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $718.61 
P/E Ratio: 33.71 
PEG Ratio: N/A 
Next Earnings: 05/21/2008
Last Analyst Rating: Neutral

[wpSoft2008]

This stock was picked up twice in my trading system:

http://www.3stocksonfire.org/trading/index.php?topic=11073.15

It is also in my Roth IRA account and made me 100% profit in 2 months.

Still holding.

[setravis]

Volume don't lie.......going, going....
Once earnings are reported,
people will finally figure out this is a big money stock.......
Ramping up for earnings...it should be good, if so this will easily move back to the 30's to 40's
PEG Ratio at 0.34%...Very cheap.


52wk Range: 8.22 - 40.19
Volume: 37,119,846
Avg Vol (3m): 4,892,990
Market Cap: 1.22B
P/E (ttm): 57.10
EPS (ttm): 0.44

Technicals
Last Price Quote is:
52.86%above 13-day MA
68.84%above 50-day MA
RS Rating: 94 

Fundamentals
Key Data:
Market Cap (M): $1,105.25 
P/E Ratio: 51.83 
PEG Ratio: N/A 
Next Earnings: 05/21/2008
Last Analyst Rating: Neutral

[AussieTrader]

Results are indeed looking solid:

http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080521005552&newsLang=en

2008 FIRST QUARTER RESULTS

Net revenue was RMB 1.20 billion (US$ 171.0 million), an increase of 529% from the fourth quarter of 2007.
PV module shipments showed good momentum, reaching 40.3MW, which represented 40% growth over 4Q2007 and 517% from the first quarter last year.
Average selling price ("ASP") was strong at $4.07 and was significantly higher than the ASP of $3.85 in the fourth quarter of 2007. Spain and Germany saw particular pricing strength and the Company also benefited from the strong Euro during the period.
The geographic breakdown of net revenue was as follows: Spain 46%, Germany 36%, France 8%, Italy 6%, and Switzerland 4%. The company's customer base remained diversified with only two customers accounting for over 10% of sales.
Gross profit was RMB 197.4 million (US$ 28.2 million), an increase of 502% from the same quarter last year.
As the Company had guided, gross margins softened slightly to 16.5% due primarily to higher polysilicon and wafer costs.
Operating profit was RMB 144.9 million (US$ 20.7 million), a rise of over 3300% from the same quarter last year and 56% from 4Q2007. Operating margins increased to 12.1%, as the Company managed to control operating costs, while revenues grew substantially.
Interest expense rose to US$ 3.8 million due to increased bank borrowing and the Company's Convertible Senior Notes offering.
The Company recorded a currency gain of US$ 2.8 million as a result of the appreciation of the RMB relative to the U.S. Dollar.
Net income was RMB 107.0 million (US$ 15.3 million). The Company reported a small net loss in the comparable quarter in 2007.
Earnings per basic ADS were RMB 2.21 (US$ 0.32).

[setravis]

updated chart look...


Technicals
Last Price Quote is:
7.10%above 13-day MA
17.57%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $906.85 
P/E Ratio: 24.20 
PEG Ratio: N/A 
Next Earnings: 08/25/2008
Last Analyst Rating: Neutral

[setravis]

DALLAS, June 13, 2008 /PRNewswire via COMTEX/ -- BeaconEquity.com announces the availability of TraderNotes on stocks that are making news today.

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Today's TraderNotes include: XSunX Inc. (XSNX), Welwind Energy (WWEI), First Solar Inc. (FSLR), Perf Go Green Holdings (PGOG), Broadwind Energy (BWEN), Yahoo Inc. (YHOO), Solarfun Power Holdings (SOLF), and Pacific Ethanol (PEIX).

BeaconEquity.com's TraderNotes are brief analyses on the active stocks each day that are affecting the markets. These include breaking news, insider activity, recent 52-week highs/lows, technical breakouts, and other market driving information. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.

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oil news:

Shell shuts down Nigerian oil field after attack
Thursday June 19, 5:50 am ET
By Edward Harris, Associated Press Writer
Shell halts production at 200,000-barrel-per-day oil field in Nigeria after militant attack

LAGOS, Nigeria (AP) -- Royal Dutch Shell said it shut down production from an offshore oil field that produces about 200,000 barrels per day after the most powerful militant group in Nigeria launched an attack on an installation there Thursday.


The group also said it captured an American worker on a supply vessel in the area of the rig.

A leader of the Movement for the Emancipation of the Niger Delta told The Associated Press that militants attacked the Bonga oil field more than 65 miles from land. But the fighters weren't able to enter a computer control room, which they had hoped to destroy.

The militant leader spoke on condition of anonymity to avoid punishment by authorities.

Olav Ljosne, a spokesman for Royal Dutch Shell, confirmed an attack, but gave no details. He said production had been stopped from the field, which normally produces about 200,000 barrels of crude per day.

That accounts for about 10 percent of Nigeria's current daily output of about 2 million barrels per day production -- already significantly off the amount produced before years of militant attacks on crucial oil infrastructure.

The militants also said they kidnapped an American worker from a supply vessel they encountered while returning home from the attack. The seizure was confirmed by private security officials, speaking on condition of anonymity because they are prohibited from speaking to the media. The officials said two other seamen on board were injured in that attack.

Over 200 foreign hostages have been seized since an upsurge of violence that began in early 2006. The hostages are normally released unharmed after a ransom is paid.

Attacks against offshore facilities are exceedingly rare. Oil industry officials consider their operations on the high seas much safer than those in the creeks and swamps of Nigeria's southern Niger Delta, where most of the attacks during two years of increased violence have taken place.

Militant attacks on oil infrastructure have trimmed about a quarter of total oil production in Nigeria, which is Africa's biggest producer and a member of OPEC.

The turmoil in Nigeria's south has helped send oil prices to historical heights, giving the militants more leverage in their drive to force the federal government to send more oil industry proceeds to their areas.

Despite being the home of almost all of Nigeria's petroleum reserves, the country's south is as desperately poor as the rest of the country, which is Africa's most populous with 140 million people.

But criminality and militancy are closely linked, with many of the militant groups accused of stealing crude oil from wells and pipelines for sale in overseas market and helping politicians rig elections.

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