Tag Archives: hanwha solarone

Auriga Reiterates Buy On Hanwha SolarOne (SOLF)

Auriga was out with a note yesterday, reiterating its Buy rating on Hanwha SolarOne (SOLF) and $16 price target which is nearly a double from current levels.  The firm noted the recent 54MW supply deal with SunEdison which didn’t come as surprise, but the size of the deal did.  Auriga also points out that their sales channel is improving and the relationship with Q-Cells remains intact and unchanged.

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Hanwha SolarOne (SOLF) Expands Relationship With SunEdison With 54MW Supply Deal

Hanwha SolarOne (formerly Solarfun) (SOLF) has signed a 54MW solar supply deal with MEMC Electronics (MEMC) to supply its SunEdison subsidiary for this year for use in utility scale power plants.   An optional additional 30MW is available as well.

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Dr. Peter Xie, President of Hanwha SolarOne, commented, "We are pleased that MEMC has again selected us as a supplier of PV modules for SunEdison projects. … Read the rest