China’s one-time solar champion is about to be delisted from the New York Stock Exchange. The move caps a dramatic reversal of fortune for Suntech Power Holdings, which raised $400 million in an initial public offering …
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
It may be the case, if rumor holds true. Amid speculation that billionaire investor Warren Buffett may be interested in acquiring bankrupt Chinese company Suntech Power Holdings Co. Ltd (NYSE: STP), stock for the …
Suntech Power (STPFQ) interim CEO and CFO Weiping Zhou announced his resignation from the company as STPFQ stock rose. Zhou cited personal reasons for his departure from the solar energy company. He was …
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 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 …
Suntech Power's stock continued its slide last week despite the company expressing hope that the U.S. market for solar panels would more than double in 2011. We have a $4.43 price estimate for Suntech, which is …
Suntech Power was formed in 2005 and was the first Chinese solar company to go public on the New York Stock Exchange (NYSE). In the ensuing two years, the company’s profit rocketed from $30 million to $170 million, …
(SeeNews) - Feb 14, 2014 - Chinese photovoltaics (PV) maker Suntech Power Holdings Co Ltd (OTCMKTS:STPFQ) said today it had been informed that its American Depositary Shares (ADRs) would be …
NYSE
Suntech Power is traded on the New York Stock Exchange, and had a market capitalization of $16 billion at its peak. The company failed to make payments last Friday on $541 million worth of convertible debt. The …
Bankruptcy