Suntech Power (STP) reported $.01 earnings per share this morning, a $1.8 million profit for Q109, down from $45 million for the year ago quarter.
Here’s a reversal of fortune that ought to please many Americans. Chinese solar company, Suntech Power (STP) announced plans this morning to build a manufacturing plant in the United States.
Suntech Power (STP) is increasing the size of its impairment charge for Q4 2008 from $48.8 million to $73.8 million, which will result in an after tax hit of $22.8 million to Suntech’s net income for 2008.
Suntech power (STP) announced that its selling 6 MW of modules to German PV system integrator Soleos in the first half of this year. Soleos CEO, David Mabille says in the release that his company will pick up 30 MW of modules throughout the year from Suntech Power.
Suntech Power (STP) put out a reminder today that it’s producing lots of solar panels that convert an imnpressive 19% of the sun’s energy into electricity via their Pluto technology. The company even had it verified by a third party in Germany.
Will anyone in the Copper Indium Gallium (di)Selenide (CIGS) solar panel market establish themselves as a leader or will it end up a boondoggle?
Jeepers. Getting a solar project approved in Austin is really complicated. We’ve read the Austin Business Journal’s open four paragraphs a few times and it’s giving us a headache.
The solar story for 2009 is an oft repeated tale of oversupply induced by a lack of demand. Lux Research does nothing to change the story with a new report it released yesterday.
Suntech reported earnings this morning with a fourth quarter $65.9 million net loss versus $50.6 million profit a year ago. Revenues were $414 million for the fourth quarter, up 4.4% from $398 million a year ago.