Tag Archives: stp
Suntech Update: Still Alive, but Badly Injured
Suntech, once the globe’s solar panel leader, recently declared insolvency. Yingli has replaced Suntech as the global solar panel leader. We are watching Suntech’s “ambiguous bankruptcy” as the company struggles to survive or transform. China’s Suntech is looking for more time to restate its full-year 2012 financials while revealing that its 2012 revenue halved to [...]
LDK Solar Defaults on Convertible Notes
On the heels of Suntech’s bankruptcy last month, LDK Solar Company Ltd. (Xinyu City, China) failed to make full payments of $23.8 million-worth of 4.75% convertible notes due this year. LDK was able to reach a private agreement on some cash payments and payment postponement with two other holders of $16.6M in notes. The company [...]
Will Suntech Power Survive?
It’s hard to believe the world’s largest solar panel manufacturer, Suntech (NYSE: STP) could go bankrupt, but right now its chances are greater than 50/50 – and it could file next week. When Suntech missed last week’s deadline to repay $540 million in bonds that came due, bondholders gave it another two months, but it doesn’t have the cash to make payments. [...]
Suntech Power: We Practice Sustainability
At Suntech, we believe in practicing what we preach. Since our humble beginnings more than a decade ago, we’ve shipped more than 7 gigawatts of solar products to customers in more than 80 countries — that’s enough panels to generate roughly 9 terawatt-hours of electricity! (Check out the infographic here) As we’ve grown, we’ve made [...]
Struggling Chinese Solar Companies: Your Goverment Is Here to Help
The Chinese government is stepping up efforts to prop up struggling domestic solar companies by helping them expand locally – with loans, subsidies and policies that stimulate in-country generating capacity. China’s $20 billion export-oriented solar industry is now looking internally for growth because of excess inventory from lower foreign demand (due to cuts in subsidies in Germany [...]
Will Suntech Power Go Bankrupt?
The travails of China’s top solar panel manufacturer do not seem to stop with its credibility being hit by a new problem each day. Suntech has made massive management blunders in the past for which it is paying heavily today. The company which is reeling under billions of dollars of debt has restructured its management [...]
Take A Virtual Tour of Suntech’s Global HQ
Suntech is dedicated to expanding solar energy worldwide, and what better place to start than our very own global headquarters? Because 80% of the building’s power needs are met by solar, the building’s carbon footprint is reduced by 29000 tons of CO2. This is equivalent to saving 9180 tons of coal! How can solar power [...]
Picking A Winning Solar Investment
Which solar company is the best investment right now: SunPower, Trina Solar, LDK Solar, Canadian Solar, Suntech Power, First Solar, or another big solar company? Advisors will tell you that some companies have the highest “production efficiency” or the highest “panel efficiency,” while other companies are laden with debt or caught up in international tariff [...]
Solar Stocks: Is the Bottom In?
Solar Stocks have made their investors suicidal with drops of of 80-90% from the top common even amongst the biggest solar companies. A number of solar companies like Q-Cells, Solar Millenium, and Solon, which used to be amongst the 10 biggest ones have gone bankrupt. In fact most of the German solar companies have either [...]