Solar panel maker Suntech Power Holdings Co. Ltd. (STP) launched the Suntech 300W Vd series, a new generation high-efficiency solar module, earmarked for the Israeli market.
Powered by Suntech’s SuperPoly processing technology, a superior silicon casting and wafering process that produces higher-quality multicrystalline wafers, the module achieves up to 15.5% conversion efficiency, well above the 13% to 14% efficiency of conventional polycrystalline solar modules.
Suntech’s new 300W Vd is a 72-cell module that comprises 6-inch black square cells that deliver one of the highest power per weight ratios in the industry. The modules are built to withstand all weather conditions. The product is ideally suited for rooftop installations where weight, power and aesthetics are key customer considerations.
With lower energy consumption during ingot production, the 300W Vd solar modules are even more environment-friendly and reduce the energy payback time by almost one-third compared to conventional monocrystalline modules. The new solar module also features an anti-reflective surface, which traps the sunlight into the cells combined with a hydrophobic self-cleaning surface structure.
Suntech Power is one of the largest producers of crystalline solar cells and modules, serving a geographically diversified customer base. Positive factors include ongoing expansion programs, higher conversion efficiency through its Pluto technology-enabled modules, China’s subsidy program and improving operating efficiencies.
However, the positives are overshadowed by fears of tepid module demand in Europe, rising competition, the volatile euro and the financial stability of its customers. The company presently retains a short-term Zacks #3 Rank (Hold). We have a long-term Outperform recommendation on the stock.
Based in Wuxi, China, Suntech Power Holdings is a solar energy company that designs, develops, manufactures and markets a variety of photovoltaic cells and modules. The company also provides photovoltaic system integration services in China and the U.S., and is expanding into the development of utility scale solar power systems.
Suntech sells its products worldwide. In fiscal 2008, the company commenced the production of photovoltaic cells utilizing its Pluto technology. The company mainly competes with Real Goods Solar Inc. (RSOL) and First Solar Inc. (FSLR).
