SunTech Power Active and All Over The Place (STP)

Posted in General 
August 20th, 2009

Suntech Power Holdings Co Ltd (NYSE: STP) is seeing strange trading this morning. The solar player said net income fell to $10 million, or $0.06 EPS from $52 million or $0.31 EPS a year ago. Revenue fell over 30% to $321 million vs. $334.3 million expected from Thomson Reuters and the firm cut its projected megawatts shipments to 600 MW from a range of 600 to 700 MW previously given. Shares were originally down about 2% but now it looks like shares are up 1.8% at $16.71 as of 8:24 AM EST and on more than 120,000 shares.

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