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 …
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 over $2.2 billion …
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 later, eight Chinese …
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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:
That should theoretically set the stage for the cancellation of Suntech’s US-traded stock, which would eliminate Shi’s last remaining influence at the company. Such a share cancellation would mark the end of a spectacular downfall for Shi, …
Suntech — which in 2011 was the world’s biggest seller of silicon-based photovoltaic modules — was once valued at $13 billion on the New York Stock Exchange; it is worth less than 1 percent of that today. A news report that Warren …
Suntech was due to make a $541 million bond payment on Friday but ran short of cash following ... deadline as fears rose that the company could be forced into bankruptcy. The stock, down nearly 80% the past 12 months, dipped …
Suntech was the biggest solar panel supplier in 2011 shipping almost 2000 MW of solar modules to various countries around the globe. Suntech, which is also one of the oldest Chinese solar companies has been the biggest solar panel …
Chinese solar companies climbed, driving an index of the nation’s stocks traded in New York to gain the most in a month, as Renewable Energy Corp. ASA said demand for the technology is shifting to Asia and the US. Suntech Power …