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 acting as director, …
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:
(Reuters) - Suntech Power Holdings Co Ltd STP.N, the world’s largest maker of solar panels whose shares hit a high of $90 in early 2008, runs the risk of being booted out by the New York Stock Exchange. The company did not meet the …
was lured back by officials in Wuxi who wanted to develop high-tech industry and put up $6 million to start Suntech. Shi later bought out his state backers with help from a group led by Goldman Sachs and went public on the New York …
Four years later, Shi’s confidence paid off when his Suntech Power Holdings Ltd. went public on the New York Stock Exchange and investors snapped up shares, turning him into a billionaire. Last year, Shi ranked No. 7 on the Forbes …
The sector as a whole could slash prices by half as soon as 2013, he added. Hot on the scent of a company within striking distance of grid parity, investors sent Suntech’s stock soaring (reports of the solar industry’s lobbying efforts at the UN ...
Most staff would be offered jobs at other plants but some would face severance, it said. Suntech shares rose 8 percent on Monday on the New York Stock Exchange on news of the capacity reduction, although they are down 58 percent for …
Shi was dubbed the "Sun King" for the firm's success. The latest share slump means Suntech's stock has almost halved in value this week to about $US121 million. Suntech said in a statement March 11 that about 60 percent of the …
How the mighty have fallen. Only Canadian Solar now trades above its share price of six years ago, and once mighty Suntech is in bankruptcy and likely will be carved up when it emerges. The only stock trading at anything resembling …
Shares of Suntech, which is set to report quarterly results on Thursday, were up nearly 13 percent at $15.47 in trading on Monday on the New York Stock Exchange. “This is truly an international marketplace, especially when you’re talking …