China Sunergy (CSUN) In 23MW Deal With Germany’s SUNfarming

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08:53:27 am on October 28, 2011

China Sunergy (CSUN) is announcing some positive news this morning with a 23MW solar module supply deal with Germany’s SUNfarming Group.  SUNfarming will use the modules in both rooftop and ground mounted system for both residential and commercial customers within Germany.  All modules will be shipped this quarter.

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Stephen Cai, CEO of China Sunergy, commented: "This is an important sale for China Sunergy because it signals that, despite industry uncertainty, we have the opportunity to grow market share in Germany.  We began to sell modules to SUNfarming Group as early as 2007 and we are very pleased to sign this additional 23 MW contract now.  Germany will remain a very important market for us."

Shares aren’t moving on the news today, up fractionally, but overall shares appear to be close to bottoming out down around the buck level.  In fact, taking a look at the solar stocks in general, they appear to have bottomed out.  There will be tremendous opportunities in solar stocks in the coming weeks if not already.  Get ‘em on your watch lists particularly the China plays. 

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