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 …
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 …
Shi Zhengrong, the former billionaire dubbed the ''Sun King'' for the meteoric rise of his solar company, Suntech Power, remains ''upbeat and very positive'', even as a possible debt default looms and the stock dives, according to the firm's …
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 …
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 …
rebuild the Company’s operating assets, and rehabilitate the Company’s global brand. Suntech’s stock is up nearly 10% in mid-afternoon trading on Wednesday at $1.39 in a 52-week range of $0.30 to $1.99.
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 …
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 …
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 …
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 Reuters. Suntech filed for provisional …