Solarfun Power Holdings Co., a leader in PV cell and module manufacturing, experienced Thursday considerable fall of its stock due to overpricing policy.
The company’s shares swooped at first $3.18, or 12 percent, to $23.32, and the latest trading at 2:19PM showed further decrease by $4.99, or 18.83 percent, to $21.50.
The stock fall eliminated the previous enthusiasm over significant gains from the past several days. Since closing May 12 at $14.94 the company has gained the 75 – percent growth of its shares.
Rapid growth of Solarfun shares provided the company with high expectations for large first-quarter earnings. But preliminary results estimated the stock as overpriced and unwarranted in "premium valuation".
Solarfun’s first-quarter profit constituted $15.3 million, or 32 cents per ADR.
Russia, when signing documents for the sale of Alaska to the United States, was realizing her objective benefit
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War