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Last updated on April 16, 2014 at 12:01 EDT

Latest Suntech Power Stories

2013-09-06 20:20:22

LONDON, September 6, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. On Thursday, September 5, 2013, all three indexes of the US equity market ended higher. The Dow Jones Industrial Average ended the day at 14,937.48, up 0.04%; the S&P 500 closed at 1,655.08, up 0.12%; while the NASDAQ Composite finished at 3,658.79, up 0.27%. Shares in the technology sector mostly ended higher, tracking gains in the broader...

2013-08-31 00:20:18

WUXI, China, Aug. 30, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company"), one of the world's largest solar companies, today announced that following productive discussions with its key stakeholders earlier this week in China, an understanding has been reached with its Creditor Working Group led by Clearwater Capital Partners and Spinnaker Capital Limited for restructuring the Company. The Company intends to immediately commence preparations...

2013-08-27 20:21:53

WUXI, China, Aug. 27, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company"), one of the world's largest solar companies, today announced that on August 21, 2013, each of Ms. Susan Wang, Mr. Julian Worley, and Mr. Zhizhong Qiu resigned as directors of the Company with immediate effect. Such directors indicated that they could no longer serve effectively as independent directors for reasons that included not being provided with information that was...

2013-08-07 08:23:46

WUXI, China, Aug. 7, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company"), one of the world's largest solar companies, today announced that it has regained compliance with the New York Stock Exchange's ("NYSE") minimum share price listing requirement. In a letter dated August 2, 2013, the NYSE notified the Company that a calculation of Suntech's average stock price for the 30 trading days ended July 31, 2013 indicated that its stock price...

2013-07-30 08:25:10

WUXI, China, July 30, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar companies, today announced that it has appointed two new members to the Company's Board of Directors, Mr. Michael Nacson and Mr. Kurt Metzger. The two Board members were nominated by the holders of the Company's 3% Convertible Notes as a condition of the Forbearance Agreement announced on June 28th. The additions bring the...

2013-07-22 08:22:36

30MW solar PV field doubles installed capacity in Mexico WUXI, China, July 22, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar companies, today announced that it is supplying the photovoltaic modules for the largest solar power plant in Latin America, a 30MW plant in La Paz, Baja California Sur, Mexico. The 132,000 Suntech Ve and Vd panels will be installed by Martifer Solar, a...

2013-06-28 08:22:00

WUXI, China, June 28, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company") today announced that it has reached an accord with holders of a majority of the 3% Convertible Senior Notes (the "Bondholders") for a new forbearance agreement that sets forth the next steps in the debt restructuring process. The new forbearance agreement provides further time to implement the restructuring and will expire on August 30, 2013. In particular, the...

2013-06-18 08:25:40

WUXI, China, June 18, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company") today announced that Suntech Power International Ltd. ("SPI"), the Company's principal operating subsidiary in Europe, has been granted a definitive moratorium on creditor claims from the judicial authorities in Schaffhausen, Switzerland. The moratorium is for a six month period and may be extended thereafter. Previously, on April 9, 2013, SPI had been...

2013-06-17 04:21:10

RESS will qualify for new PV storage subsidy rates announced by the German government WUXI, China, June 17, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar power companies, today announced that its European Union anti-dumping (AD) tariff free modules, Residential Energy Storage System, and double glass module will be on display at Intersolar 2013 in Munich, Germany. Suntech will be able to...

2013-05-19 23:02:52

In the five years through 2013, revenue has been growing at an annualized rate of 40.9% to total $86.79 billion. However, IBISW forecasts that revenue will increase much more slowly going forward, as overcapacity will continue to be a serious problem. San Francisco, CA (PRWEB) May 19, 2013 The Solar Panel Manufacturing industry in China has been developing quickly. In the five years through 2013, industry revenue has been growing at an annualized rate of 40.9% to total $86.79 billion....