Suntech Power News

SunPower Corporation and Trina Solar Limited are up a respective 15.2% and 11.8%, with the former lifting the latter after offering upbeat earnings guidance.

BUYINS.NET, www.buyins.net , announced today that these select companies have been Removed From the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists.

Suntech defaulted on a $541 million convertible note payment due the 15th March 2013.

Investor Warren Buffett denied he was interested in buying Suntech Power Holdings Co Ltd, formerly the world's leading solar panel maker, whose biggest production subsidiary is in bankruptcy in China, China Business News reported on May 6. Buffett, chairman of Berkshire Hathaway, said he has read media reports about his alleged interest in buying ... (more)

In 2011, Suntech Power Holdings was the world's biggest solar panel producer, shipping more than 2 gigawatts of panels.

The company's main operating unit is in insolvency in China and will meet with creditors on May 22 to decide on a path forward.

Suntech Power Holdings Co. Ltd. said its revenue fell 48 percent last year and that it's making progress restructuring its debts, scheduling a meeting with creditors of its main solar panel manufacturing unit this month.

Yingli managed to increase its merchant shipment volumes by 43 percent year-over-year to leapfrog Suntech as well as U.S.-based First Solar, the two largest suppliers of 2011.

Shares in the South Korean company tumbled as much as 9.5 percent to nearly six-year low after it said on Friday three polysilicon orders worth of 1.46 trillion Korean won from units of China's solar panel maker Suntech Power Holdings Co Ltd were cancelled because of the latter's financial troubles.

A shrinking market for initial public offerings of Chinese companies has made some firms leery of start-up investments there.

Suntech Power Holdings Co., Ltd. was in 5 hedge funds' portfolio at the end of December.