STP Suntech Power Holdings Co. Ltd. featured news, full reports, and detailed charts
Suntech Power Holdings Co. Ltd. (STP) Wrap Up:
Suntech Power Holdings Co., Ltd. designs, develops, manufactures, and markets various photovoltaic (PV) cells and modules to provide electric power for residential, commercial, industrial, and public utility applications worldwide. It offers various monocrystalline and multicrystalline silicon PV cells; PV modules; and a range of BIPV products and systems. The company also provides PV system integration services, including designing and installing PV systems used in lighting for outdoor urban public facilities, and farms and villages, as well as in telecommunications and transportation systems in China. Its PV systems are used for on-grid and off-grid generation. The company sells its produc...Suntech Power Holdings Co. Ltd. (STP:NYSE)
Snapshot of Suntech Power Holdings Co. Ltd. (STP)
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OPEN
$15.63
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PREVIOUS CLOSE
$15.99
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DAY HIGH
$15.81
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DAY LOW
$15.05
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52 WEEK HIGH
07/27/09 - $21.38
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52 WEEK LOW
03/2/09 - $5.09
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MARKET CAP
2.4B
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AVERAGE VOLUME 3 mo
6.3M
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DILUTED EPS TTM
$-0.38
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SHARES OUTSTANDING
155.9M
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STP Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
Suntech Power aims to boost its share of the U.S. market with a solar-panel manufacturing plant to be built in Arizona
Suntech Power aims to boost its share of the U.S. market with a solar-panel manufacturing plant to be built in Arizona
What Wall Street analysts are saying about selected stocks in the news Friday
What Wall Street analysts are saying about selected stocks in the news Friday
related news
STP Top Compensated Officers
Executives, Board Directors
Key developments for Suntech Power Holdings Co. Ltd. (STP)
Suntech Power Holdings Co. Ltd. announced that it has strengthened its European management team with the appointment of four new senior executives: David Hogg has been appointed as Head Suntech Europe; Vedat Gurgeli Vice President of Sales, Europe; Frank Weber Marketing Director, Europe; and Carllvon Braun Director Project Finance, Europe. Since the beginning of 2009, Suntech Europe has quadrupled its European workforce, with particular focus on senior management positions and customer related functions such as sales, marketing and after sales support. In particular, Suntech's European headquarters in Schaffhausen, Switzerland and German office in Munich are home to a team with a full range of customer support capabilities. Mr. Hogg has more than 20 years experience in the solar PV industry. He is a founder of CSG Solar AG (Germany) and led the company as chief executive officer since 2004. Reporting directly to Mr. Hogg, Mr. Gurgeli joins Suntech from Conergy where he spent the last three years managing the PV business as Managing Director for the Asia-Pacific region (APAC) and as Managing Director South Europe from Madrid, Spain. Mr. Weber will be responsible for developing Suntech's European marketing team, promoting sales and managing Suntech's reputation. Mr. Weber has more than 18 years international marketing experience. Carllvon Braun joins Suntech from CSG Solar where he held the position of CFO.
Suntech Power Holdings Co. Ltd. expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).
Suntech Power Holdings Co. Ltd. announced it will develop a 10MW solar power plant in Dongtai, Jiangsu Province in conjunction with its strategic partner Huadian New Energy Development Co. Ltd. (China Huadian New Energy Development Co. Ltd). Suntech will supply high quality solar modules and design and manage the installation of the plant. Suntech holds a minority share of the project. The Dongtai solar plant, which is targeted to be completed by the end of 2009, will be powered by more than 37,000 Suntech solar panels and is projected to displace approximately 15,000 tons of carbon dioxide emissions per year. The project is expected to be supported by the Jiangsu Province's feed-in-tariff policy that provides 2.15RMB/kWh for ground-mount solar projects completed in 2009. The project will be the first to be initiated through Suntech's strategic agreement with HNE announced in July 2009. Under the agreement, the two partners will develop utility-scale and commercial roof-top solar projects in China's sun-rich western provinces, Jiangsu province and Shanghai.
STP Competitors
| Company | Last | Change |
| First Solar Inc | $121.18 USD | +0.05 |
| Q-Cells | €10.41 EUR | -0.22 |
| Solarworld | €14.38 EUR | -0.16 |
| SunPower Corp | $21.48 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | STP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.5x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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STP |
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STP transactions
| Type Date |
Target |
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Private Placement
June 30, 2009 |
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More Recent News About Suntech Power Holdings Co. Ltd.
More news for STP
Solar panel maker Suntech plans Phoenix-area plant
PHOENIX (AP) -- Gov. Jan Brewer on Monday announced plans for a Chinese-owned solar panel maker to build its U.S. headquarters and a manufacturing plant in the Phoenix area, propelling one of the nation's sunniest states toward a bigger global presence in the renewable energy industry. Suntech Power Holdings Co. said it expects to start building photovoltaic panels at the facility by the third quarter of 2010. The company, which has more than 9,000 employees, expects to eventually employ 250 or more people at the plant.Suntech said it selected the Phoenix area because of Arizona's leadership in solar research through Arizona State University and statewide renewable energy policies. The company plans to decide on the precise location of the plant in the coming weeks.The first phase of Suntech's 100,000-square-foot facility will bring a $13 million investment and 125 jobs, the governor said. If the company's investment grows to at least $25 million, it will qualify for property tax reductions as part of the state's Renewable Energy Tax Incentive program."It's an example of how an investment can work and be fiscally responsible," said Barry Broome, president of the Greater Arizona Economic Council. "This is a company that's capable of creating thousands of jobs in a state like Arizona."Brewer said a majority of the jobs would be high-paying positions with health care coverage."Trust me, they are not going to be the last ones," she said. "We are building what I believe is a very diverse and sustainable Arizona economy."Suntech Chairman and CEO Dr. Zhengrong Shi said setting up in Arizona is the first step in a long-term, strategic investment in the North American market."The leadership shown by the US government in advancing renewable energy will only improve the environment for further investments in the co...Click here to read the whole Article (external link)
[$$] Stocks in the Spotlight Monday
“ I feel that one of the reasons XOM is lagging is its low dividend. More investors now are not only looking for price appreciation but are looking for income as well. ” — EUGENE FALK On What a Gusher! ...Click here to read the whole Article (external link)
Alternative Energy Expert From Ardour Capital Sees Huge Growth Ahead In All Sectors Of Green Power
67 WALL STREET, New York - November 16, 2009 - The Wall Street Transcript has recently published its Alternative Energy/Clean Energy/Power Generation/Utilities Report offering a timely review of the sector to serious investors and industry executives. This 98 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Long Term Perspective on Alternative Energy Industry -- Leading Indicators for Alternative Energy Components Companies -- Mergers and Acquisitions in the Alternative Energy Industry -- Break Even Business Fundamentals for Carbon Free Energy Providers -- Development of Carbon Free Energy Production Infrastructure -- NAT GAS Act -- New Players in the Alternative Energy Industry -- Solar Power Cell Manufacturers Market Strategy -- Demand Response for Raw Materials for Solar Cell Production -- Alternative Energy Investment Opportunities -- Multiple Stock Winners in Carbon Free Production Industry -- Government Funding of Alternative Energy Power Providers -- Chinese Solar Energy Companies -- Alternative Energy Hedge Fund Investors -- Commodity Cycles -- Determinants of Market Valuations in the Alternative Energy Production Industry -- Carbon Emissions Statistics -- Energy Efficiency Statistics -- Innovations in Solar and Wind Power Generation -- Business Economics for Methane Based Power Generation -- Electric Vehicles Projections and Statistics-- Cap and Trade Projections and Statistics -- Development of Battery Technol...Click here to read the whole Article (external link)
[video] Fast Money Final Trades
All CNBC | News | Video...Click here to read the whole Article (external link)
Your First Move For Tuesday November 17th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.Tim Seymour suggests long Suntech Power [STP Loading...   ()  ] .Gary Kaminsky recommends “staying long the market.â€Karen Finerman prefers long Target ...Click here to read the whole Article (external link)
Valley cities competing for 100K-square-foot Suntech facility
Suntech Power Holdings Co.’s decision to build a manufacturing facility in Arizona will mean competition for cities angling for the prize. The facility’s size also will keep tax rebates on hold for a little while. Barry Broome, president and CEO of the Greater Phoenix Economic Council, said a site decision is several weeks away. Neither GPEC nor Suntech would identify which cities are under consideration. Several could work. Chandler and Peoria representatives last month went along with a GPEC delegation to the Intersolar North America trade show in July, shortly after the state passed a tax incentive bill to lure solar and renewable energy manufacturing to the state. With Suntech looking for about 100,000 square feet, most Valley cities have some buildings available that could fit the bill. The facility is expected to open late next year. Although the state pushed the incentives, Suntech likely won’t be eligible for most of them, at least initially. The program requires an investment of $25 million or more to get up to a 77 percent property reduction from the state. Suntech could get part of a 10 percent income tax credit, providing the jobs it creates meet the program’s criteria. All told, if the Chinese manufacturer doubles its investment, it could get more than $1 million in incentives, Broome said. The incentives were only part of what drew the company to the state. Suntech already has a relationship with Arizona State University, and officials see a big demand for its products because of the state’s renewable energy standard, which has a component that requires utilities to have 30 percent of their renewable power pr...Click here to read the whole Article (external link)
Suntech Shines On US Factory Plan
HONG KONG -- Suntech Power demonstrated how solar magic could brighten its stock: The Chinese company, after sliding for about a month, announced a plan to invest $10 million to build its first solar factory in the U.S. Suntech Power gained $290 million in market value overnight to $2.7 billion, and Chairman/CEO Dr. Zhengrong Shi, who holds a 35.1% stake in Suntech, saw his wealth rise overnight by $91.0 million on paper, to $948.9 million.The Chinese solar-panel maker Suntech Power Holdings ( STP - news - people ) said Monday it will build its first U.S. factory, in the Phoenix, Ariz. area. The factory, about 80,000 to 100,000 square feet in size, will have an initial PV (photovoltaic) module production capacity of 30 megawatts (MW) and is expected to begin production in the third quarter of 2010.Suntech said the new plant "is configured for growth to respond to the expected expansion of the U.S. solar market in the coming years."To convince investors about the importance of its new plant, Suntech quoted the November issue of Photon Magazine, which said the U.S. market had 356 megawatts of solar PV capacity installed during 2008 and cited research company Solarbuzz's forecast that the solar market in the U.S. may grow sixfold to more than 2 gigawatts by 2012.But the proposed factory will start small, employing only "75 full-time employees at launch and may double its staff within the year as the North American market develops," according to Suntech's ...Click here to read the whole Article (external link)