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Big Mover; China Sunergy Co. Ltd. (CSUN)

By Warren Paige

Shares of China Sunergy Co. Ltd. (NASDAQ: CSUN), designer, developer, manufacturer and seller of solar cells and solar modules, are gaining in trading today.

At last check, CSUN shares were trading 6.30% higher at $1.52 on above average volume of 101,294.

China Sunergy last month released its first-quarter financial results. The company posted first-quarter revenue of $68.5 million, representing an increase of 38.2% over the previous quarter.

CSUN’s shipments totaled 79.9 MW in the first quarter, down 31.6% on a sequential basis. Average selling price for CSUN’s solar modules was $0.86 in the first quarter, which was 2.4% higher than company’s forecast, but 8.5% lower than the fourth quarter of 2011.

CSUN’s gross profit for the quarter was $0.7 million. Gross margin for the quarter was 1.1%, in-line with CSUB’s guidance.

Net loss for the first quarter was $9.6 million.

 

June 11th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.