Chiseled in for more shares of STP at 12.57. I know it could easily give back its gains -- Suntech Power was at 10 just a few days ago and hit a low of 5.09 in early March -- but I like the support here. China's clean energy plan is not going to be tossed for a long, long time. There are 30 billion reasons why. The nation has a horrifically high carbon emission rate and is very early in its development of green tech. STP, the best solar power company in the People's Republic, could be 20 by year's end. Or more. I don't think it'll approach the all-time high (85 in late 2007) any time soon. Realistically, 20 can happen, maybe 25.
Two 'S' words in play here: Subsidy and Stimulus.
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