China Sunenergy (CSUN) Posts Solid Q4, FY2010 Results
China Sunenergy, a specialized solar cell and module manufacturer, announced its financial results for the fourth quarter and full year 2010, reflecting the company’s transition to in-house module manufacturing following the acquisitions of CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nanjing) New Energy Co., Ltd. Revenue for fourth quarter was $169.6 million, a 73.8 percent increase over the fourth quarter of 2009. Gross profit was $27.1 million, a 160.6 percent increase over the comparable quarter of 2009. Gross margin was 16.0 percent, compared to the company's previous guidance of 15 percent. Net income was $15.4 million, or…