If you followed the movement of chinese solar stocks on monday (10/30) you would have found that they had roared upwards, spurred by the rise in oil prices. CSUN outpaced all of them, with an enormous 26% gain. It also happens that a month ago there was a similar boom in china's solar stocks, with CSUN plowing 40%. This time it came after a significant downtrend that brought the price down from $14.58 to under $8.57. CSUN's newfound volume surge starting in late september is its strength. Bullish momentum will continue, reaffirming itself by breaking above monday's close. The heav...
CSUN - Not sure why this stock was bombarded with the current turbulence in US market. This stock like any other foreign stocks, is unaffected by the recent credit worries.
It has recently bagged a few contracts and going into 2008, it is well positioned. It has also secured the wafer contracts with the suppliers. Look at the P/E, and compare it against the likes TSL, STP & FSLR... This is very cheap.
It has to move up soon & should touch 13 (its IPO price) in a few months... Mark this post and come back the end of the year!!! It will be at least 60% up from the current ...
this one is really risky since lots of players getting into this market however i did add it seeing that it droppd quite a lot since ipo I noticed that CEO is also head of another successful comany this may provide some confidence on how he will run this company
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CSUN
About CHINA SUNERGY CO., L
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