Canadian Solar, Inc. (...

China Sunergy Co., Ltd. (CSUN), a solar cell manufacturer in China, reported better than expected second quarter financial results this morning. Revenues rose to $111.6 million, an increase of 98.6% year-over-year and 44.9% sequentially. Net income was $3.1 million, or 8 cents per ADS, compared to a net loss of $3.5 million for the same period last year, and an improvement of 520% sequentially from $0.5 million. Analysts were looking for earnings of 3 cents per ADS on revenues of $94.7 million.

“I am pleased to report another quarter during which we have grown revenues, improved margins and strengthened our balance sheet,” said Dr. Allen Wang, CEO of China Sunergy. “The important steps we have taken over the past year to improve operational efficiency and develop market leading products are beginning to show genuine improvements to our bottom line and this gives me confidence that

...

Continuing the theme of avoiding the stronger sectors and buying some weaker areas, I had almost bought Canadian Solar (CSIQ) just a few weeks ago in the mid $30s - it ramped to low $50s, and a missed opportunity went by the wayside. [Jun 17: Canadian Solar (CSIQ) Raises Guidance]It has now pulled back 30% from its high of $52 two weeks ago, and this appears to the be the market's current favorite - the only chart I can find in the sector where the stock has not broken the 50 day moving average. This is not my favorite name in the sector fundamentally - a huge amount of their last earnings were nothing more than currency gains - but the market doesn't peek beneath the hood to realize that, so we'll go with the market. And frankly, all that I've gained from buying ...

Short Seller Trivia: In the May 1 “Market Insider” blog, which green stock did shorts want badly?

There is also interest by

Based on the (gross margin) guidance for 2008, I am cutting back on LDK Solar (LDK) – I still like this stock as a 2009-2010 story as its new polysilicon plant will help it to reduce costs substantially but it’s a long road to get that plant up and running… this is now more of a 2009 story. The sector is up this morning on good earnings news from Canadian Solar (CSIQ) but unfortunately LDK Solar did not partake, and is down 6% this AM. Again the results and guidance is not terrible – we just have limited upside for the next few quarters, especially if LDK Solar comes in at the lower end of its full year guidance (23-25%) and with a management that said 26-31% less than 90 days ago, it’s a bit concerning that they have lowered their expectations so meaningfully in such a …