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Top solar panel maker Suntech faces NYSE delisting

Reuters -- (Reuters) - Suntech Power Holdings Co Ltd (STP.N), the world's largest maker of solar panels whose shares hit a high of $90 in early 2008, runs the risk of being booted out by the New York Stock Exchange.

The company did not meet the exchange's price criteria for continued listing as the average closing price of the stock was less than $1 over the last 30 trading days as of September 10, Suntech said in a statement on Friday.

Suntech shares were down 5 percent at 96 cents on Friday morning.

Shares of Suntech, like peers JA Solar Holdings Co (JASO.O), Trina Solar Ltd (TSL.N) and Yingli Green Energy Holding Co (YGE.N), have fallen sharply in the past three years as product prices fell due to a glut in China and weak subsidies in Europe.


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Submitted Sep 22, 2012 By: drpepperTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Top solar panel maker Suntech faces NYSE delisting Back to Topics
REPLIES (newest first) Post a Reply
drpepperTX
Champion Author Texas

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Message Posted: Sep 23, 2012 2:14:03 PM

So we have this from Houckster, "Another example of the disgusting temperament of the Hard Right. Their capacity to say mean and hateful things is inexhaustible."

A few minutes before Houckster posted this "If I were Mr. Romney, I'd be embarrassed that such intelligence-challenged people were supporting me. Looks like HAILSTORMCA's intellectual development stopped at about the 3rd grade."

Look, we all know it's very difficult for the liberal left to defend their choice, Obama, but just how far those like Houckster will take their hypocrisy is hilarious!
Houckster
Champion Author Atlanta

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Message Posted: Sep 23, 2012 1:16:04 PM

ALEX395 writes: Obama will be there with our money soon. Community Organizers have little experience in any aspect of life except how to run a good mafia.
_____
Another example of the disgusting temperament of the Hard Right. Their capacity to say mean and hateful things is inexhaustible.

Oh, by the way, they'll soon have four more years to practice being small.

[Edited by: Houckster at 9/23/2012 2:17:40 PM EST]
alex395
Champion Author Louisville

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Message Posted: Sep 23, 2012 12:06:55 PM

Obama will be there with our money soon. Community Organizers have little experience in any aspect of life except how to run a good mafia.
Houckster
Champion Author Atlanta

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Message Posted: Sep 23, 2012 10:35:47 AM

HAILSTORMCA writes: Guess they didn't donate to Obummer.
______
If I were Mr. Romney, I'd be embarrassed that such intelligence-challenged people were supporting me. Looks like HAILSTORMCA's intellectual development stopped at about the 3rd grade.
HailstormCA
Champion Author San Diego

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Message Posted: Sep 23, 2012 9:27:29 AM

Guess they didn't donate to Obummer.
ClarkSC
Champion Author South Carolina

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Message Posted: Sep 23, 2012 8:26:49 AM

Figures.
kyjlh
Champion Author Kentucky

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Message Posted: Sep 23, 2012 4:56:59 AM

ok
djgunrunner
Champion Author Salt Lake City

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Message Posted: Sep 23, 2012 3:27:55 AM

How much is that going to cost the average American citizen?
judgemobile
Champion Author Ohio

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Message Posted: Sep 22, 2012 11:09:06 PM

thought I heard someone say Solyndra...
kcboy
Champion Author Utah

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Message Posted: Sep 22, 2012 11:06:29 PM

ok
rtw777
Champion Author Florida

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Message Posted: Sep 22, 2012 11:05:52 PM

Wow. What a drop.
carinthuist
Champion Author San Francisco

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Message Posted: Sep 22, 2012 10:55:42 PM

excellence
Lbro
Champion Author Denver

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Message Posted: Sep 22, 2012 10:54:36 PM

Good time to buy pv- $1 a watt is GREAT!!!
HA4CNN
Champion Author Toronto

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Message Posted: Sep 22, 2012 10:53:12 PM

Too many listed already.
Rt118E
Champion Author Pennsylvania

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Message Posted: Sep 22, 2012 10:50:25 PM

Not good
PithyOpiner
Champion Author Stockton

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Message Posted: Sep 22, 2012 10:50:14 PM

Somebody give Obama a call. He'll buy up the shares.
wang91554
Champion Author San Jose

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Message Posted: Sep 22, 2012 10:48:09 PM

ouch
WIWalt
Champion Author Wisconsin

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Message Posted: Sep 22, 2012 10:45:04 PM

Really annother failure
q2
Champion Author Alberta

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Message Posted: Sep 22, 2012 10:44:57 PM

ok
Marson
Champion Author Scranton

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Message Posted: Sep 22, 2012 10:43:31 PM

OK.
gd83goldwinger
Champion Author South Bend

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Message Posted: Sep 22, 2012 10:42:25 PM

It's mismanagement that's the real problem.
AKmailman
Champion Author Alaska

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Message Posted: Sep 22, 2012 10:42:00 PM

and it's delisted off this forum 'cause it's OFF TOPIC
trugasCA
Champion Author California

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Message Posted: Sep 22, 2012 10:41:43 PM

l READ THE AbOUT THE COMPANY AND IT SAID "IF THIS WAS AN AMERICAN COMPANY'' sO CALM DOWN TAXPAYERS MONEY NOT INVOLVED.

[Edited by: trugasCA at 9/22/2012 11:44:51 PM EST]
VomVom
Champion Author Calgary

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Message Posted: Sep 22, 2012 10:39:34 PM

There is no doubt that the Sun has more than enough energy to power all of Earth many times over. It has been doing so for over 4.5 billion years. The only way to harness it cost effectively is to conduct R&D and not by flushing money down the toilet to companies like Solyndra, Solar1 and others. It is most unfortunate that President Obama and Energy Czar Steve Chu do not seem to recognize that.
bonzoonfmb
Champion Author Florida

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Message Posted: Sep 22, 2012 10:36:58 PM

It is a pattern that newer technology companies have a lack of success in the running of a business. I did not see in the article where any taxpayer money was involved, which is good.
charladan
Champion Author Virginia

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Message Posted: Sep 22, 2012 10:36:49 PM

it would be nice when the technology is mature but now it's a crap shoot
skyking19
Champion Author Little Rock

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Message Posted: Sep 22, 2012 10:36:40 PM

What really happened.
trugasCA
Champion Author California

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Message Posted: Sep 22, 2012 10:34:36 PM

l am so happy with our solar power, and the reasonable cost per month. l highly recommend it.
Jeeputtputt
Champion Author Ohio

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Message Posted: Sep 22, 2012 10:33:29 PM

more obum tax dollars given away...
whaboush
Champion Author Richmond

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Message Posted: Sep 22, 2012 10:32:23 PM

That's terrible.
mplato
Champion Author Columbia

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Message Posted: Sep 22, 2012 10:29:31 PM

yet another failure...how much did we give this one?
thanks for that hope and change obummer
eswi
Champion Author Madison

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Message Posted: Sep 22, 2012 10:27:42 PM

OK
OGW
Champion Author London

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Message Posted: Sep 22, 2012 10:27:42 PM

Good for the NYSE and while they are in the booting mood, start kicking out all the oil futures traders and the world will be a lot better place.
36_ACRES_4_SALE
All-Star Author Appleton

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Message Posted: Sep 22, 2012 10:27:26 PM

Wow
trytogetby
Champion Author Cincinnati

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Message Posted: Sep 22, 2012 10:26:38 PM

Wow
Thadius330
Veteran Author San Antonio

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Message Posted: Sep 22, 2012 10:25:55 PM

Alright
WE0H
Champion Author Twin Cities

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Message Posted: Sep 22, 2012 10:22:42 PM

Our current government = failure. Time for a change in November.
nimpy
Champion Author Indianapolis

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Message Posted: Sep 22, 2012 10:21:54 PM

I agree Mrbee, another failure
mrbee
Champion Author Little Rock

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Message Posted: Sep 22, 2012 10:20:51 PM

Another failure.
WeasleyOC
Champion Author Orange County

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Message Posted: Sep 22, 2012 10:18:42 PM

Maybe Obummer should help them out?
WIPACKERFAN
Champion Author Chicago

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Message Posted: Sep 22, 2012 10:17:45 PM

Thanks Mr Pres. Your help didnt help.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Sep 22, 2012 10:13:35 PM

This to me is a sad story. Solar energy is free for the taking, if we could just come up with reasonable ways to harness it.
serrog
Champion Author Nova Scotia

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Message Posted: Sep 22, 2012 10:13:10 PM

Shows how fickle the market is
abcdMA
Champion Author Worcester

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Message Posted: Sep 22, 2012 10:13:01 PM

another taxpayer loss, and current administration bungling
McMutt
Champion Author Ontario

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Message Posted: Sep 22, 2012 10:12:38 PM

Wow:(
mstearno
Champion Author Dayton

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Message Posted: Sep 22, 2012 10:11:41 PM

taxpayer money here?
Bleeder
Champion Author Virginia

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Message Posted: Sep 22, 2012 10:10:27 PM

Well at least they are not bankrupt (yet).
DEG
Champion Author Las Vegas

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Message Posted: Sep 22, 2012 10:09:25 PM

Obviously solar pv is not ready for prime time. The government should not be wasting taxpayer $$$ on solar pv.
goldrose1
Champion Author Cleveland

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Message Posted: Sep 22, 2012 10:08:18 PM

Now what?
achas
All-Star Author Charlotte

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Message Posted: Sep 22, 2012 9:54:38 PM

I HOPE THEY GET THERE ACT TOGETHER
SavALot
Champion Author Virginia Beach

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Message Posted: Sep 22, 2012 9:49:33 PM

Solar power needs to be harnessed
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