Solarfun rises 9% alongside other solar-power companies

Solarfun Power Holdings Co. Ltd. (Nasdaq:SOLF) is edging up 9% today as it rises alongside other solar-power companies. News that Canadian Solar Inc. (Nasdaq:CSIQ) had penned five sales agreements in Italy and the Czech Republic sent many solar-power companies shares up. But China-based Solarfun, a producer of photovoltaic cells, has not been without its own business developments during the past week. Last Monday, Solarfun announced its subsidiary Jiangsu Linyang Solarfun Co. Ltd. agreed to a long-term polysilicon supply contract with a subsidiary of GCL Silicon Technology Holdings Ltd. In addition, Solarfun entered an agreement to buy the remaining 48% stake in Jiangsu Yangguang Solar, which was also announced last Monday.

In today’s trading, Solarfun is at $15.02, up $1.30 from Friday’s close.

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