Suntech's shares fell as much as 23 percent to $US1.15 on the New York Stock Exchange on Wednesday last week. "We do think this is the end for Suntech," Raymond James analyst Ryan Berney told Reuters. Suntech filed 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 …
Dr. Shi’s wealth, made up almost entirely of his holdings of Suntech stock, has fluctuated in value along with company’s volatile share price, from a low of about $1.3 billion to a peak of just over $3 billion; his stake currently is valued at …
By bankrolling this son of Jiangsu, the government quickly got its money back, with plenty of interest, when Suntech (STP) went public in late 2005, raising $400 million on the New York Stock Exchange. But beyond that, it created what …
Year to date, SunTech's stock (which is traded over-the-counter) is up a whopping 200%, with most of the appreciation happening in the last three months. As an over-the-counter stock, the risk is obviously higher than the previous four …
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 …
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 …
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, …