suntech power

The Suntech Bankruptcy and the Future of Solar

The bankruptcy of Suntech Power Holdings, one of China’s (and hence the world’s) largest solar panel manufacturers, might seem like bad news for the solar industry. It’s not. It’s just bad news for Suntech shareholders. Suntech made a huge mistake, purchasing an 80% stake in Global Solar Fund in 2008. Turns out that was not […] Read more

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. […] Read more

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 […] Read more

What Went Wrong at Suntech Power?

Suntech Power 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 manufacturer in China in the recent past despite losing market share to other Chinese companies […] Read more

Solar Stocks: Ready to Party? $STP $SPWR

A funny thing happened after I declared the “fun is done” in solar stocks: Suntech Power Holdings (STP) pre-announced higher than expected revenues and financial results for its fourth quarter, and SunPower Corporation (SPWR) reported earnings that gave solar traders and investors fresh hope. At one point, SPWR broke out from a nice consolidation above […] Read more

Suntech Power Q2 Earnings: Revenues Up, Margins Down $STP

Suntech Power (STP) is posting earnings results this morning that are in line with its competitors.  Strong revenues and plummeting profits.  Even when you take out the write off for the MEMC and CSG Solar investments, the company still lost .19/share despite strong revenues of $830 million.  Analysts had expected a profit from the company […] Read more

Suntech Eyeing Big Slice of Chinese Subsidy Pie

The Chinese solar panel maker and project developer has submitted179 megawatts of applications and expects to be one of the firstsubsidy recipients. China only announced its first national solar subsidy program twomonths ago, and already it has reportedly received a whopping number ofapplications. Suntech Power Holdings said Thursday it has submitted applicationsworth 179 megawatts by […] Read more

Collins Stewart Maintains Sell Ratings On Suntech Power (STP) and Solarfun (SOLF)

According to,Collins Stewart is maintaining its Sell rating on both Suntech Power(STP) and Solarfun (SOLF) but raising its price targets on both.  It’sraising the price target on STP from $6.50 to $10 and raising the pricetarget on SOLF to $3. Suntech commentary: Collins analyst says, “Our CY09 forecast calls for STP generate$1.73B in sales […] Read more

Suntech Power Shopping for American Real Estate

Suntech Power plans to decide within six months where it will set up a factory in the United States to serve the growing market. The Monday announcement isn’t surprising given that the Chinesecompany previously expressed an interest in setting up manufacturing inthe United States. Producing solar panels in the country would reducethe costs of transporting […] Read more

Suntech’s Wenham Wins Inventor Of The Year Award

Suntech Power Holdings Co. Ltd. says that Dr. Stuart Wenham, Suntech’schief technology officer, has won the top prize at the 2009 Inventor ofthe Year awards, hosted by NewSouth Innovations (NSi), the technologycommercialization company of the University of NSW, Australia (UNSW). Wenham,who holds a dual position as the director of the UNSW’s ARCPhotovoltaic Centre of Excellence, […] Read more

Piper On Suntech Power (STP): “Distressed Balance Sheet Keeps Us On the Sidelines”

According to, Piper Jaffray is initiating coverage on Suntech Power (STP) today witha Neutral rating and a price target of $13.  It calls the company’scurrent overcapacity, distressed balance sheet and lower utilization areason to stay on the sidelines until a meaningful pull back in thestock.  They believe unabsorbed overhead and lower margin will persistthrough 2010.  […] Read more

Suntech signs multi-megawatt supply deal with Germany’s Soleos

China’s Suntech has signed a photovoltaic (PV) supply agreement with German PV-systems integrator Soleos for modules worth at least 6 megawatts (MW) in the first half of 2009.David Mabille, chief executive of the Bornheim-Sechtem-based Soleos, says depending on the market for PV products, the deal could potentially be worth far more. “Given the growing demand […] Read more