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Tag Archives: suntech power

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, [...]

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

According to StreetInsider.com, 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.  [...]

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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 [...]

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