In accordance with the stock forecast from January 6, STP is the stock of the month..
(up by 45% in 21 days):
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Warren Buffett-controlled MidAmerican Energy Holdings announced this week that it has established a new business arm as a conduit for a deepening of the company’s move into the unregulated renewables market. The new vehicle, MidAmerican Renewables, LLC will oversee wind, geothermal, solar and hydro projects to produce energy for the renewables market.
Suntech Power Holdings Co., Ltd. (STP) is a solar energy company. Suntech is principally engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products and also provide engineering, procurement and construction services to building solar power systems using its own solar modules for certain related party and third party customers. The Company’s products provide electric power for residential, commercial, industrial and public utility applications in various markets worldwide. It also provides commercial and utility scale PV system integration services in China. As of December 31, 2010, Suntech substantially completed the acquisition and reached an installed capacity for wafers and ingot of approximately 500 megawatts. In November 2010, it acquired Reitech, a 375 megawatts ingot and wafer slicing company.