Solarfun Down Despite Reporting a Strong Quarter

Kelvin Schulle submits:Solarfun Power (SOLF) reported a sound quarter on Wednesday, and the stock price dove 12%. Looking into the earning report carefully, Q2 was really a great one. Solarfun reported second-quarter net income of $11.4 million, or 23 cents per American depository share. Revenue came in at $197.1 million. Photovoltaic module shipments reached 43.1 MW in the second quarter, an increase of 162 percent from a year ago. The company guided 2008 shipments of 175-190 MW from previous 160-180 MW.[Click here for Solarfun's 2Q conference call transcript on Seeking Alpha.]Complete Story »