Solar Enertech Corp. SOEN Archives - Page 3 of 3

WednesdayMar 21, 2007 6:39 am

Solar EnerTech, Inc. (SOEN.OB) Announces a $17.3 Million Dollar Financing Deal

Solar EnerTech is pleased to announce the private placement completed with institutional investors. The company plans to use the proceeds for working capital, completing recent purchase orders, and to purchase equipment for their second 25 Megawatt production line. A recent Analyst Report from IPO Desktop projects a strong earnings forecast for this company. Projected revenues are $60 million for 2007 and $720 million in 2010. That is a 12-fold increase in only 3 years of operation. Let us hear your thoughts below:

ThursdayMar 15, 2007 3:19 pm

Investors Send Solar EnterTech Corp. (SOEN) Up Over 20% Today on Very High Volume

The shares of Solar EnterTech Corp. (SOEN) advanced strongly today, as investors expressed their confidence in this emerging solar energy leader. The shares ended up 20.70% on volume of 2,512,849. Solar Energy is definitely in our future. One key development has been the narrowing differential between solar and conventional energy sources over the last decade. Industry reports show that the average prive of PV cells and modules actually decreased by 24% in the span of 1996 to 2003. This cost narrowing is expected to continue, and is anticipated to spur the continued explosive growth of solar energy alternatives. Let us hear your thoughts…

TuesdayMar 13, 2007 2:53 pm

Solar EnterTech Corp. (SOEN) Inks Pact to Deliver Solar Cells and Modules Valued at $8 Million

Solar EnterTech Corp. (SOEN) has signed an interim sales agreement with Shanghai Very Sun Technologies Co., Ltd. valued at $8 million dollars to supply Very Sun with solar cells and modules. As part of the deal, SOEN will manufacture OEM orders on Very Sun's behalf. Shanghai Very Sun Technologies Co. is a solar manufacturing and distribution business, formed as an outgrowth between a local university and a state-owned enterprise. This is very good news for SOEN. Let us hear your thoughts below:

MondayMar 12, 2007 2:01 pm

Bullish Analyst Report on Solar EnerTech Corp. (SOEN) Outlines a Strong Earnings Forecast

A newly released Analyst Report on Solar EnerTech Corp. (SOEN) from IPO desktop, outlines a strong Company earnings forecast. Projected revenues are $60 million, $175 million, $420 million, $720 million for Year 2007, 2008, 2009, and 2010, respectively, with an average estimated profit rate of 21%., after tax based on an agreement to pay no taxes for three years. The Tax Favored status, secured by the Company in 2006 within China, is going to be a major positive development for the emerging firm. Let us hear your thoughts below:

ThursdayMar 08, 2007 11:03 am

New Financing Deal Propels Solar EnerTech Corp. (SOEN), an Emerging Major Player in the Renewable Energy Industry

Solar EnerTech Corp. (SOEN) announced that it has completed a private placement of $8.3 million, with institutional investors. Looking back over the last year, the Company at every turn, has exceeded its business growth benchmarks. Now with this announcement of the large private placement, the good news for the Company continues, as it rapidly expands its business operations to meet global demand. The construction of the Company's second 25Mw line is currently ahead of its originally scheduled mid-April launch date. At this time, the Company is running two shifts, one for solar cell production on the first line and the other for preparation of construction…

ThursdayMar 08, 2007 7:21 am

Solar EnerTech Completes a $8.3 Million Dollar Private Placement with Investors

Before the bell today, Solar Enertech announced the additional financing. The company plans to use the net proceeds for working capital, general corporate purposes and the purchase of silicon feedstock. The purchase of the silicon will fulfill recent purchase orders. Another use for the proceeds will include the purchase of equipment for Solar EnerTech’s second 25Mw production line. The additional financing was needed because of the increased demand for the Company’s products. The company is already ahead of schedule in the construction of the second 25Mw line that was originally scheduled for mid-April. The Company is currently running two shifts,…

MondayMar 05, 2007 11:11 am

Aggressive Production Goals and Tax Favored Status In China, Make for a 1-2 Punch for (SOEN) Solar EnerTech Corp

With Solar EnterTech's newly built production facility, the Company projected the capacity for the facility at an estimated output of 20Mw per production line. At the time of the analysis last year, that translated roughly into $37.5 million dollars in annual revenue per production line. SOEN's strategic plan is to add the second 20Mw line in mid 2007. The ultimate goal for the facility is to be at the full production capacity of 120Mw in total annual output by 2009, utilizing the existing infrastructure of the plant. Couple that high production, with a Tax Favored status in China, and you have a…

SaturdayMar 03, 2007 4:15 pm

Early On, Solar EnerTech Corp. (SOEN) Identified a Reliable Source for Raw Materials to Support its Plant Operations

Solar EnerTech Corp. (SOEN) has methodically built every building block of the Company, from the ground up. Early on, the Company understood clearly that solar panel manufacturing success, starts with a reliable raw material source of silicon. To that end, SOEN was invited last year by the government of Inner Mongolia to discuss a cooperative arrangement for the processing and development of locally mined solar grade silicon. A silicon sample was collected and returned from the region, and upon analysis was shown to be a very high grade. That visit led later to a Memorandum of Understanding. The MOU outlined a potential joint venture by SOEN to acquire…

WednesdayFeb 28, 2007 5:26 pm

Solar EnerTech Corp. (SOEN) has had a String of Good News, Including Signing of First Sales Contract for $9.2 Million

Solar EnterTech Corp. (SOEN) has been in the sportlight, of late, with lots of good things happening. First among them was the signing in January of its first sales contract, which is anticipated to yield $9.2 million of revenue. Now the Company is set to commence efforts at its R&D joint laboratory with Shanghai University. The five research projects are scheduled to kick off during the first week of March, with activity at both the Joint Lab and the Company's manufacturing facility. This will be the first test of the Joint Labs ability to fast track Projects to commercialization. Let us hear your thoughts below:

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