Peter Hofstra Suntech Power Holdings Co. Ltd. STP-N DON'T BUY May 27, 2009

One of the biggest cell manufacturers globally. Have an integrated model where they are playing in each part of the value chain and can protect their gross margins going forward. 2 or 3 months ago, they pre-released that the 2008 production would be 530 MW, below expectations. Long-term, they are one of the best-positioned companies. Good price.

Global energy demand is on a collision course with climate. This is a global leader in solar energy. One of the top 3 producers of solar cells and modules. Low-cost operator. Has its own technology. Trading at 20X earnings and 12X next year’s.

(A Top Pick July 24/07. Up 24%.) Bullish on the solar sector. When you look at the energy demand that is coming out of China and emerging markets there is no way this can be provided on a carbon-based system. One of the largest in the space and lowest cost operator. Good buy below $40.