Solarfun (SOLF) Awarded Italian Contracts Totaling 12MW

Solarfun Power (SOLF) has been awarded two Italian contracts totaling 12MW it was announced this morning.  One contract for 6MW of solar modules was signed with GranSolarGhella while the other of the same size was signed with Tozzi Renewable Energy.  All modules are expected to be delivered in the second half of this year.

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Dr. Peter Xie, President of Solarfun, commented, “We are pleased to have expanded our business in many major solar markets and have become one of the leading module suppliers in the industry.  Our products are known for their high quality and reliability, and our customer service is first-class. In 2010, we have further diversified our customer base by successfully penetrating into Italy, France and the United States markets through winning projects.”

SOLF is up about 3% in pre-market trading and continues to look bullish after a recent double bottom base breakout above 9.49.  It’s a bit overextended though and probably needs to spend time digesting gains.

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