LOS ANGELES (Reuters) - Suntech Power Holdings Co Ltd, the world’s top solar panel maker, posted sharply higher quarterly net earnings due to a better-than-expected 62 percent rise in revenue and a $250 million increase in the value of certain project ...
Reuters · 7y
Nov 6 (Reuters) - China's Suntech Power Holdings Co Ltd , once the world's largest maker ... Suntech's shares fell as much as 23 percent to $1.15 on the New York Stock Exchange on Wednesday. "We do think this is the end for Suntech," Raymond James analyst ...
Shares of Suntech (NYSE: STP) have jumped about 3% this morning as an analyst at Macquarie upgraded the stock from Underperform to Neutral. The firm also lifted its price target on the solar stock from $13.50 to $19. Suntech shares most recently traded at ...
China's Suntech Power has put its largest subsidiary into bankruptcy, a casualty of rampant ... Parent company Suntech Power (STP), listed on the New York Stock Exchange, will not file for bankruptcy. But the company's share price is now trading around ...
CNN Money · 5y
Suntech's stock is down nearly 98 percent since 2008 as this chart shows. In the past year, it's been down nearly 80 percent:
According to stock-analysis firm Trefis, China plans to generate at least 15% of its total power from renewable sources by 2020, with much of that likely to come from solar. As a Chinese company, Suntech should be able to win a sizable chunk of this business.
Among the companies with shares expected to actively trade in Monday’s session are Suntech Power Holdings Co. Ltd. (STP ... protection as part of their previously announced all-stock merger deal. SuperMedia shares plunged 26% to $3.25 in premarket ...
In December 2005, Morgan Stanley and Credit Suisse First Boston brought Suntech public at $15 a share. As with other Cayman-based Chinese solar companies, the stock went wild, closing its first day of trading at $21.20 — an increase of 41 percent — and ...
Reuters notes that U.S. investors are already skittish about Suntech’s future, with stock prices having closed at $0.59 per share on the New York Stock Exchange Wednesday. That represents a 40 percent drop in price for a company that has not posted a ...
[Photo/China Daily] NYSE contacts firm after debt lifeline staves off immediate bankruptcy Suntech Power Holdings Corp, one of the world's largest solar panel makers, has been contacted by the New York Stock Exchange regarding unusual trading of its ...