DALLAS, May 3, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China Sunergy Co. Ltd. (Nasdaq:CSUN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/CSUN
China Sunergy Co. Ltd. (CSUN) is engaged in designing, developing, manufacturing and selling solar cells. It manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. It sells its solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems for use in various markets. The Company produces both monocrystalline and multicrystalline silicon solar cells. In addition to standard P-type solar cells and HP solar cells, the Company also produces an improved version of the P-type solar cells that the Company and most other solar cell manufacturers produce.
Message Board Search for CSUN: http://www.boardcentral.com/boards/CSUN
In the report, the analyst notes:
"Revenues were US$104.3 million, representing a 181.9% and 6.9% increase compared to the first quarter of 2009 and the fourth quarter of 2009, respectively. Revenues generated from solar cell sales were US$91.7 million, representing a 166.6% and 3.3% increase compared to the first quarter of 2009 and the fourth quarter of 2009, respectively.
"Given the anticipated increase in demand for its solar cell products, CSUN said it plans to expand its solar cell manufacturing capabilities through the addition of three new solar cell lines within its Nanjing facility. These new lines are expected to add 80 MW in solar cell capacity by the end of 2010. CSUN anticipates $13 million in capital expenditure during 2010 to fund this capacity expansion."
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