Small Cap Movers

Solarfun rises 9% alongside other solar-power companies

Dianna Heitz | Jul 07, 2008 12:07pm EDT | Comment
Rating: Unrated
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.

For detailed price information and recent news stories on Solarfun Power Holdings Co. Ltd., click SOLF.

Dianna Heitz

About the Author
Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.