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 American depositary shares. In a statement, the China-based manufacturer …
Chinese equity Suntech Power Holdings Co. (STP) filed for bankruptcy last week, with its stock falling 40% after it defaulted on $541 million in bonds, and this having a snowball effect on solar stocks, with other Chinese solar …
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, …
These revelations have crushed Suntech's stock, which now trades at around $1 - far below its all-time high of more than $80 per share and well under its 2005 initial public offering price of $15. Now the company is facing several investor …
China Development Bank Corp. is among its lenders. Suntech raised a total of $743 million from Wall Street in two separate stock offerings in 2005 and 2009. The bonds traded in New York. Shi started Suntech in 2001 after serving as …
Polysilicon is the key raw ingredient in photovoltaic panels and Reuters reports that the disclosure by OCI in a regulatory filing sent OCI’s shares tumbling 9.5% to a six-year low on South Korea’s stock exchange. But don’t expect Suntech’s ...
BEIJING — Suntech, one of the world’s biggest solar-panel manufacturers ... Among those benefiting Wednesday was First Solar Inc., which saw its stock price rise six percent to close at $29.49. First Solar started in Toledo before …
The court-appointed administrators of solar power giant Wuxi Suntech Power Co Ltd have found a potential rescuer ... In a filing to the Hong Kong stock exchange on Wednesday, Shunfeng said it had made a bid with the receiver of Wuxi …
“If you are here, I will come to you and ask, ‘Do you need any help?’ ” Suntech went public on the New York Stock Exchange in 2005. Within months, its stock price more than doubled, spurring public offerings by other Chinese solar …
American depositary shares of Suntech fell 6 cents, or 5.2 percent, to close at $1.09 on Tuesday on the New York Stock Exchange following the news. Two years ago, the ADRs were trading around $8. Suntech blamed the April 3 closing of …