This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Solar Winners: Jinko, Solarfun, SatCon

NEW YORK (TheStreet) -- Not a trading session goes by of late without a solar stock, or two, or three, skyrocketing on a shipment raise, new order, or earnings guidance revision upwards.

For Tuesday's version of the solar winners session, it's looking early like two upstart Chinese solar module makers and one U.S. inverter company are the stocks with positive momentum, yet big gains from the pre-market session were quickly moderating for these solar stock plays.

2010 Chinese solar module rally king, Solarfun Power (SOLF) has at least one rally left in it, even after surging 60% year-to-date. Jinko Solar (JKS), which was among the biggest winners on Monday in the solar sector, is leading the returns early on Tuesday after announcing another 130 megawatt order from an existing customer.

The Chinese solar module makers are being joined by U.S. solar inverter maker SatCon (SATC), which announced that it had won a contract to supply inverters for a 63 megawatt project in Puerto Rico.

SatCon was up more than 5% in early trading, with Jinko and Solarfun shares higher by between 3% and 4% in early trading.

Solarfun said it had already reached its 2010 year-end target of 360 MW in ingot manufacturing capacity, 400 MW in wire saw capacity, 500 MW of cell capacity and 900 MW in module capacity. The Solarfun target was an increase of 100 MW in cell capacity and 200 MW in module capacity compared to the end of the second quarter of 2010.

Solarfun also announced that it plans to add to the gargantuan capacity being planned for 2011 by solar players, taking cell capacity from 550 MW to 820 MW; wire saw capacity from 400 MW to 572 MW; and ingot capacity from 360 MW to 510 MW. The capacity expansion isn't expected to be completed until the third quarter of 2011.

Stoking the already optimistic outlook from the solar sector companies as they meet this week in Los Angeles at a big solar conference, Peter Xie, CEO and President of Solarfun, commented in the release, "We are optimistic about our prospects in 2011. Our goal is to make Solarfun more fully vertically integrated as we seek to lower our manufacturing costs and become the leading low-cost producer in the market. As our current projections indicate, the expected capital expenditures will be spent on expanding ingot, wafer and cell capacities, which we believe will help improve our cost structure over time."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs