Tuesday, December 25, 2007

No. 11 Suntech Power: Hot Run

It was not very long ago when I took a look at Suntech Power, a company that aligned with a Hawaii company, Hoku Scientific. At the time, STP was below 40. Today, STP has more than doubled. Amazing what the solar sector has done in the past four months. Incredible.


















Pete Najarian of Fast Money and OptionMonster.com said last week that he's unloaded his solar stocks. Can't blame him. No matter how promising the industry is, stocks cannot go straight up forever. There will be a pullback, and if STP can return to its 50-day SMA, it'll be worth a close look. Solar energy in China is as bullish as it could be anywhere on the globe.

Pupule's Top 25 (Dec. 25)

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