Earnings Preview: Hapoalim Previews STP Earnings

Looking ahead to Suntech Power Holdings'

3Q10 earnings report on Wednesday morning, November 17, 2010, Hapoalim reaffirms its forecast for 3Q10 EPS of $0.21, slightly below consensus of $0.23. “Though we foresee no surprises in the quarter, we continue to believe STP's high‐cost structure puts it at a competitive disadvantage heading into the ASP and margin pressures we foresee industry‐wide in 2011,” Hapoalim writes. “We maintain our Sell Rating.” Suntech Power Holdings currently trades at $8.55.