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Saved by 1 people (0 private), first by anonymouse user on 2007-02-11


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Suntech (nyse: STP - news - people ) is a producer of photovoltaic cells that integrate directly with building materials, so that customers can generate significant amounts of solar power to produce electricity for homes, businesses and even bigger locations like stadiums.

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"This Jiangsu-based company is also expected to be the biggest winner if the government's plan to build the world's largest solar power station goes through. Another key development for the company is the announcement that production of its latest 18% 'semiconductor finger' technology is proceeding on schedule. These cells will be more efficient than the 14% to 15% industry average.

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"The company has a commitment to be the 'lowest cost per watt' PV cells in the industry. Suntech will be supplying solar power to Beijing's Bird Nest Stadium for the 2008 Summer Olympics.

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Suntech has a market capitalization of $5.8 billion and trades for just above 30 times expected 2007 earnings.

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Stephen Leeb, president of Leeb Capital and editor of the Complete Investor newsletter, recommends taking advantage of a pullback in shares of Wuxi, China-based Suntech Power Holdings to buy into two investment themes at once: China and green power.

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