5 Solar Stocks in Focus

China BAK Battery Inc. (NASDAQ: CBAK) recently announced that its wholly-owned subsidiary, BAK International received subsidy of about $7.5 million for its automated high power lithium battery project from the National Development and Reform Commission or NDRC and Ministry of Industry and Information Technology or MIIT. China BAK manufactures rechargeable lithium-based battery cells. JA Solar Holdings Co. Ltd. (ADR) (NASDAQ: JASO) recently announced the sale of its previously-written off $100 million face-value USD 3-Month LCMNER Index-Linked Note for cash consideration of $34.6 million. This sale provides for a $34.6 million gain, which will be recorded in the fourth quarter financial report and the impact to the fourth quarter 2010 EPS is estimated to be $0.21. JA Solar manufactures high-performance solar cells based in People’s Republic of China. Power Holdings Co. Ltd. (ADR) (NYSE: STP) recently announced updated financial guidance for fiscal year 2010, expecting to ship more than 1,500MW of solar products and generate revenues of $2.78 billion to $2.83 billion, representing year-over-year revenue growth of at least 64% for this year. The consolidated gross margin is expected to be approximately 17% and operating margin of approximately 6.5%. The company also announced its joint venture with Wuxi Industrial Development Group and Wuxi New District E&D Group to own and operate a 1.2GW PV cell production facility. Suntech engages in the design, development, manufacturing and marketing of photovoltaic products, including a range of building-integrated photovoltaic products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for certain related party and third party customers. A123 Systems Inc. (NASDAQ: AONE) recently announced the resignation of Michael Rubino, CFO and Vice President of Finance & Administration, effective January 14, 2011 to join a Boston-based cleantech startup. The company has initiated a search for Rubino’s successor. 123 Systems is in the business of designing, developing, manufacturing and selling rechargeable lithium-ion batteries and battery systems, and provides research and development services to government agencies and commercial customers. FuelCell Energy Inc. (NASDAQ: FCEL) recently announced its fourth quarter and fiscal year results for 2010, with net revenues for quarter at $19.7 million as compared to $20.4 million in the same period last year. For the fiscal year, the revenues wrere $69.8 million compared to $88.0 million for the comparable prior year. The net loss reported for quarter was $12.9 million, or $0.11 per basic and diluted share and for the fiscal year was $58.9 million or $0.63 per basic and diluted share. These improvements resulted from lower product and commissioning costs. FuelCell Energy engages in the development and production of stationary fuel cells for commercial, industrial, government and utility customers. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell CBAK, JASO, STP, AONE and FCEL at any time after this post.
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