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DuPont, Suntech, Others Create Lobby Backing Solar Energy -Bloomberg

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05/03/2012 | 09:40pm CET

DuPont (>> E I Du Pont De Nemours And Co), Suntech Power Holdings Co. (>> Suntech Power Holdings Co., Ltd. (ADR)) and six other companies have formed a lobby to promote solar power worldwide and to combat complaints of low-cost solar panels being dumped on European and U.S. markets, Bloomberg News reported Thursday.

The other companies include Siemens AG (>> Siemens AG), Applied Materials Inc. (>> Applied Materials, Inc.), Dow Corning, Phoenix Solar AG (PS4.XE) and Lanco Infratech Ltd. (532778.BY), according to the report.

A complaint from SolarWorld AG against Chinese solar-panel firms led to tariffs on panels, which could lead to increasing costs for consumers, according to Bloomberg.

Full story at http://www.bloomberg.com/news/2012-05-03/dupont-joins-suntech-in-lobby-supporting-solar-energy-deployment.html

-Dow Jones Newswires; 212-416-2900

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Financials ($)
Sales 2016 24 718 M
EBIT 2016 4 081 M
Net income 2016 2 846 M
Debt 2016 4 115 M
Yield 2016 2,23%
P/E ratio 2016 23,21
P/E ratio 2017 19,10
EV / Sales 2016 2,73x
EV / Sales 2017 2,61x
Capitalization 63 488 M
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Number of Analysts 18
Average target price 78,1 $
Spread / Average Target 6,9%
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NameTitle
Edward D. Breen Chairman & Chief Executive Officer
Nicholas C. Fanandakis Chief Financial Officer & Executive Vice President
Phuong Tram Chief Information Officer
Douglas W. Muzyka Senior VP, Chief Science & Technology Officer
Lois D. Juliber Independent Director
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