Suntech solar panels sold out through early 2010

[OKIsItJustMe]

http://www.reuters.com/article/idUSN1215554320100112?type=marketsNews

Suntech solar panels sold out through early 2010

* Fully booked on panels through second quarter

Stocks

* Company sees panel prices stable in Q1

* Expects panel prices to fall in second half of year

LOS ANGELES, Jan 12 (Reuters) - Suntech Power Holdings Co Ltd's (STP.N) solar panel is sold out through at least the second quarter of 2010, a company executive said on Tuesday.

"We were basically in a sold-out situation in Q4 and we're in a sold-out situation at least through Q2," Steve Chadima, vice president of external affairs at Suntech, said at a conference hosted by Needham and Co in New York.

"We're basically selling anything we can produce and I know we're not alone," Chadima said.

Demand for solar power products has rebounded after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.

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[TxRider]

1. Umm it is early 2010 now