On March 15, Suntech Power Holdings Co., one of China’s largest solar photovoltaic (PV) manufacturers, failed to pay its US$541 million convertible debt, causing its stock price to bottom out. (See Figure 1.) Three days …
Investors pounded the stock lower on Feb. 20 after Suntech stuck by its initial production outlook of 530 megawatts of power to be shipped this year. Most analysts had projected shipments of 600 to 700 MW in …
Despite these articles, Suntech stock has maintained some value over the last few months because equity holders are optimistic they will receive a sizable number of shares post restructuring. However, recent court …
The most impressive solar eclipse in China this week wasn't the one Beijing residents waited so long to see. . . It was the solar stock market rally, where Chinese shares tripled the Dow's record pace. Capital city dwellers …
The surprise move is meant to get Suntech’s financial house in order after four consecutive unprofitable quarters and a stock price that has fallen more than 50 percent this year. The company has a crushing debt load of …
Escape from Atlantis
Continue Reading Below 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 Ryan Berney told …
Shares of Suntech Power Holdings Co., the troubled Chinese solar-panel maker, are being pulled from the New York Stock Exchange. The NYSE said it is removing the stock from its exchange before the market opens …
WUXI, China/HONG KONG, March 21 The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the …
China
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:
China
After filing for bankruptcy and seeing its stock fall 40% when it default on $541 million in bonds, Chinese equity Suntech Power Holdings Co. (STP) has rallied on rumors that Warren Buffett may buy the company. No one’s …