Suntech’s NYSE listing secured

Facebook
Twitter
LinkedIn
Reddit
Email

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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. 

Read Next

February 13, 2025
Chinese solar manufacturers LONGi and Jinko Solar, along with Indian PV manufacturer Waaree Energies, have been named in a series of patent disputes filed in China and the US.
February 13, 2025
The announcement comes just days after the Trump administration announced plans for a 25% tariff on steel and aluminium imports.
February 13, 2025
Huasun has signed a deal to supply more than 3GW of heterojunction technology (HJT) modules to projects owned by the Hongyang Group.
Premium
February 13, 2025
PV Talk: Solargis CEO Marcel Suri tells PV Tech Premium how more sophisticated data has made solar assets more 'agile'.
February 13, 2025
Australia’s Clean Energy Council said 2024 was the best year for renewable energy investment since 2018, with AU$9 billion committed.
February 12, 2025
Amid the transition to more decentralised energy systems, solar projects are exposed to new cybersecurity risks, says SolarEdge's Uri Sadot.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany