Solarfun (SOLF) this morning said it plans to increase its cell capacity by 50 MW “through the enhancement of its manufacturing process,” while also converting 160 MW of its existing cell lines to “high -efficiency selective emitter technology.” Both moves are supposed to be completed early in Q1 2011.
In a statement, Solarfun President Peter Xie said that customer demand for the second half has turned out to be much stronger than anticipated. “We are largely sold out of existing capacity for the remainder of 2010,” he said. “Our continued ramp-up in capacity is driven by increased visibility of demand from our key customers in the first half of 2011 and we want to be prepared to meet this additional demand.”
The company also said it is building new facilities that will be provide the ability to add 500 MW of cell capacity and 1.2 GW of module capacity; those facilities should completed in the 2011 first half.
SOLF is up 51 cents, or 6%, to $9.11.
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