Visitors Now:
Total Visits:
Total Stories:
Profile image
By GreenEnergyForEarth.com (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Suntech Power May Have Been Victim of Fraud

Tuesday, July 31, 2012 13:16
% of readers think this story is Fact. Add your two cents.

(Before It's News)



July 30, 2012 – Suntech, [NYSE: STP], announced that they guaranteed payment obligations of a German investee company that allegedly did not have the collateral of German government bonds  that were to support 550 million euro obligation.

Suntech said, “While we continue to investigate and take actions to resolve this matter, Suntech’s daily operations will not be impacted.”  Still shares are down 14% at $1.35 in the premarket against a prior 52-week range of $1.50 to $7.77.

2012 hasn’t been a good year for most solar industry stocks.  First Solar [FSLR] reports it earnings this week.  Are you long or short solar industry stocks?  Which ones?



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.