• By .(JavaScript must be enabled to view this email address) - 14 January 2013, 15:00
  • In News, PV Modules, Finance

Suntech’s NYSE listing secured

  •   The majority of listed PV related companies have benefited from several positive factors that have generated a rally in investor’s interest in solar stocks over the last two-months.
    The majority of listed PV related companies have benefited from several positive factors that have generated a rally in investor’s interest in solar stocks over the last two-months.

Financials

  • STP
    NYSE
    1.28
    +0.44 (52.74%)
    4:01PM EDT

The threat to Suntech Power Holdings of delisting from the New York Stock Exchange's (NYSE) has been averted after its stock price regained compliance.

Suntech's average stock price was above the US$1.00 minimum bid price for 30 consecutive trading days ending December 31, 2012.

The company follows, LDK Solar and JA Solar in avoiding delisting after receiving notices last year. The majority of listed PV related companies have benefited from several positive factors that have generated a rally in investor’s interest in solar stocks over the last two-months.

The rally was driven by increased PV installation targets announced by the Chinese government, which are expected to boost shipments by leading Chinese tier 1 suppliers in 2013. The rally was also supported by a settlement on the US budget and further indirect investments in PV power plants by Warren Buffett. 

We Recommend

Latest in News

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 19th Edition

    For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Latest in TV & Video

Partners

Acknowledgements

Solar Media