Suntech Power (WKN: A0HL4L / STP) / NYSE
http://www.suntech-power.com/en/
SEC-FILINGS:
http://www.sec.gov/cgi-bin/...e=&SIC=&owner=include&action=getcompany
NEWS/INFO's:
http://phx.corporate-ir.net/phoenix.zhtml?c=192654&p=irol-IRHome
http://www.finanznachrichten.de/...-aktien/suntech-power-holdings.asp
http://finance.yahoo.com/q?s=STP
BÖRSENPLÄTZE:
http://www.ariva.de/quote/simple.m?secu=817496
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BUSINESS:
Suntech Power Holdings Co., Ltd. designs, develops, manufactures, and markets various photovoltaic (PV) cells and modules to provide electric power for residential, commercial, industrial, and public utility applications worldwide. It offers various monocrystalline and multicrystalline silicon PV cells; PV modules; and a range of BIPV products and systems. The company also provides PV system integration services, including designing and installing PV systems used in lighting for outdoor urban public facilities, and farms and villages, as well as in telecommunications and transportation systems in China. Its PV systems are used for on-grid and off-grid generation. The company sells its products primarily through various value-added resellers, such as distributors and system integrators, as well as to end users, including project developers in various solar energy markets. Suntech Power Holdings Co., Ltd. was founded in 2001 and is headquartered in Wuxi, the Peoples Republic of China.
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19.12.2008
http://www.it-times.de/news/nachricht/datum////...o-2010-in-shanghai/
Suntech Power beliefert Expo 2010 in Shanghai
WUXI - Suntech Power Holdings (NYSE: STP, WKN: A0HL4L), weltweit führender Hersteller von Solarmodulen, wird die Weltausstellung in Schanghai 2010 mit Solarmodulen beliefern.
Wie heute bekannt wurde, wird Suntech für die Expo 2010 ein so genanntes Building Integrated Photovoltaic Systems (BIPV) mit einer Leistung von drei Megawatt entwickeln und installieren.
BIPV-Installation wäre die größte ihrer Art in China.
Bis September 2009, erklärte Suntech, soll das Projekt fertig gestellt werden.
BIPV-Systeme, so Suntech-CEO Zhengrong Shi, nutzen Gebäudeteile wie Dächer und Fassaden als Energieerzeuger.
Dass die Auswahl für dieses Projekt auf Suntech Power gefallen ist, deutet der Suntech-Chef als weiteres Signal für die Weltmarktführerschaft des Unternehmens.
Im Rahmen der Expo 2010 will sich China insbesondere dem Thema Erneuerbare Energien widmen.
Ein Gesetz aus dem Jahre 2005 verpflichtet die Chinesen dazu, bis 2020 rund 15 Prozent ihres Elektrizitätsbedarfs aus regenerativen Quellen zu decken.
So will China im Zeitraum von 15 Jahren 180 Mrd. US-Dollar in die Entwicklung dieser Technologien investieren. Unter dem Motto „Better City, Better Life“ sollen auf der Weltausstellung Lösungen für eine gelungene Integration von erneuerbaren Energien in die Stadtentwicklung vorgesellt werden.
(hhv/rem)
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09.12.2008
http://seekingalpha.com/article/...-now-a-takeover-target?source=feed
Suntech Power: Now a Takeover Target
The United Nations Climate Change Conference is being held in Poland this week.
Representatives from the top four Photovoltaic (PV) makers gathered in Poznan to propose the rapid implementation and expansion of policies designed to support the growth of the solar industry and the global adoption of solar technology as a major contributor to greenhouse gas (GHG) reduction in support of global climate goals.
As the top two solar companies, Suntech Power (STP) and First Solar (FSLR) dominate the European and U.S. markets respectively.
According to Suntech CEO Dr. Zhengrong Shi, the company is dedicated to reducing the cost of solar electricity to grid parity through increasing economies of scale, improving efficient utilization of raw materials such as silicon, and developing more advanced technology and new applications.
While no solar company has achieved grid parity, Suntech is leading the way.
The company is also developing a new thin film technology with 50% efficiency.
Despite all of these positive developments, STP's stock price has been down as much as 90% from its 52-week high because of hedge fund redemptions in the last few months.
Investors have started to realize its true value recently but it is still very much undervalued.
Recently, many solar companies have rolled out expansion plans for the coming years.
For example, Sharp (SHCAY.PK) plans to invest $2.6B in Italy in a joint venture to tap growing demand of solar panels.
Suntech power is also entering the U.S. solar market through acquiring EI Solutions, and will triple US sales by 2009.
What makes STP extremely attractive is that China has set ambitious, long-term national goals that have helped to create a backdrop for a growing renewable energy industry such as a national renewable energy standard of 15% by 2020 and a commitment to invest US$180 billion in renewable energy by 2020.
With STP at such a low price, two companies might like to become bidders for Suntech.
The first one is Sharp.
Sharp has an ambitious plan to quickly reach the European and Chinese solar markets - acquiring Suntech provides a shortcut for the company to do this.
The second company that has been named in rumors is First Solar.
FSLR mainly sells panels in the U.S. and Europe and a takeover of STP will give the company direct entry into the Asian market.
A call to First Solar has not been returned.
It is believed that Suntech will not consider any bid below $30 per share as the industry becomes very solar friendly going into 2009.
http://ih.advfn.com/...a&cb=1229759247&article=34693734&symbol=NY^STP
17.12.08 Suntech eröffnet Service-Büro in Italien
http://www.it-times.de/news/nachricht/datum////...e-buero-in-italien/
17.12.08 Fertigstellung von zwei Solar-Kraftwerken in Spanien
http://www.solarserver.de/news/news-9917.html
19.12.08 Suntech to Deliver 3MW of Integrated Solar Systems to World Expo Shanghai 2010
http://ih.advfn.com/...a&cb=1229759247&article=34763501&symbol=NY^STP
19.12.08 Suntech Power beliefert Expo 2010 in Shanghai
http://www.it-times.de/news/nachricht/datum////...o-2010-in-shanghai/
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Wochenschluss-Kurs: 11,75 USD (nachbörslich: 11,15 USD)
http://www.allstocks.com/level2quotesotcbb1.html [Symbol: STP (Quote)]
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Angehängte Grafik:
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http://ih.advfn.com/...cb=1230359725&article=34823523&symbol=NY%5ESTP
26.12.08 Klimaschutz: Photovoltaik-Hersteller Suntech unterstützt "The Climate Group"
http://www.solarserver.de/news/news-9958.html
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Wochenschluss-Kurs: 10,29 USD (nachbörslich: 10,28 USD)
http://www.allstocks.com/level2quotesotcbb1.html [Symbol: STP (Quote)]
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Angehängte Grafik:
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08.01.2009 14:00
Suntech Achieves 1GW Solar Cell and Module Production Capacity
SAN FRANCISCO and WUXI, China, Jan. 8 /PRNewswire-Asia/ -- Suntech Power Holdings Co., (News) Ltd. , the world's largest photovoltaic (PV) module manufacturer, held a ceremony today celebrating the achievement of reaching 1GW PV cell and module production capacity in Wuxi, China. The Company also announced the opening of its new headquarters in Wuxi, China that incorporates a 1MW grid-connected building integrated solar facade, which is the largest in the world.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090108/CNTH012 )
"We are very proud to become the world's first PV solar company to achieve 1GW of solar cell and module production capacity," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Since our inception, we have focused on rapidly building world-class manufacturing facilities that can meet the burgeoning global demand for green energy. This milestone is a credit to all Suntech employees that have tirelessly worked towards the common goal of making cost- effective solar energy systems available on a global scale."
Suntech also announced the opening of its new, state of the art solar headquarters in Wuxi, China. The 18,000 square meter building incorporates the world's largest on-grid photovoltaic facade system, with over 2,552 semi- transparent Light Thru(TM) solar panels and an annual power output of over 1 million kilowatt hours of electricity. The solar energy produced will save over 600 tons of carbon emissions every year. In addition, the headquarters features energy efficient building materials, geothermal temperature control, movement sensor lighting and a comprehensive water recycling system. The 1MW solar facade was installed by Suntech's in-house system integration team, which has completed a range of technically complex building integrated solar systems, including the 120kW Beijing Jingya Hotel Curtain Wall and 800kW Light Thru system at the Wuxi Airport.
"It is a great pleasure to open our new headquarters in Wuxi, China, which is powered by a 1MW solar facade," said Dr. Shi. "We believe that building integrated solar systems are the way forward for environmentally friendly architecture and our new headquarters is an excellent demonstration of how solar can be seamlessly incorporated into modern and attractive buildings."
Dr. Shi continued, "The connection of the 1MW solar facade to the local electricity grid is another important step towards the ongoing development of the Chinese solar market. There are a number of significant solar projects that are currently being developed in China including the 3MW solar roof project for the World Expo Shanghai 2010, and several 10MW+ projects that are in the early development and bidding phase in Dunhuang city, Yunnan province and Qinghai province. These solar projects are reflective of China's commitment to sustainable energy generation and the growing momentum in the domestic solar market."
A photo of the new Suntech headquarters can be downloaded on Suntech's website at http://www.suntech-power.com/ under Press: Press Assets.
About Suntech
Suntech Power Holdings Co., Ltd. is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.
Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. For more information, please visit http://www.suntech-power.com/ .
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and include the ability of the 1MW solar facade to generate over 1 million kilowatt hours of energy per year and the amount of carbon emissions saved every year from the solar energy produced. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact: In China: Rory Macpherson Investor Relations Director Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: suntech@tpg-ir.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20090108/CNTH012
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
12.01.2009 14:13
Suntech Power and Open Energy Sign Solar Roof Membrane Licensing Deal
SAN DIEGO and SAN FRANCISCO, Jan. 12 /PRNewswire-Asia/ -- Suntech Power Holdings Co., (News) Ltd. , the world's largest manufacturer of photovoltaic (PV) modules, and Open Energy Corporation (News) (BULLETIN BOARD: OEGY), a developer of innovative and elegant building integrated PV (BIPV) products, energy management applications and solar energy solutions, announced that they have entered into an exclusive agreement to license Open Energy's building integrated solar roof membrane product. Under the terms of this license, Suntech will undertake the worldwide manufacture, distribution, sales and marketing of Open Energy's lightweight, easily-installable solar membrane product. This agreement complements Suntech's industry-leading solar products with Open Energy's innovative BIPV applications to provide a complete set of product offerings to the residential and commercial market.
The frameless flat roof membrane will be marketed by Suntech under the SolarEze(TM) brand that highlights its ease of installation even over existing roofs with no structural reinforcement typically required. It is light weight yet provides a water proof, hail and wind resistant solar roof with no penetrations. It will be manufactured by Suntech meeting the highest quality standards. Suntech is currently evaluating distribution alternatives and evaluating sales channels in every region of the world.
"This strategic decision will allow us to focus on the core competencies of our business -- our award-winning and innovative product and applications design for next generation products. We chose to work with Suntech because they have world class, high quality manufacturing and a worldwide sales capability and distribution network. They also offer a solid foundation of resources and customers. They provide unmatched scope, scale and global reach in the growing solar industry," said David Field, president&chief executive officer of Open Energy.
"Open Energy's product fits well within our line of solar roofing products adding an excellent easy to install solar roof membrane that is ideal for commercial flat roofs, said Leonard May, Suntech's Managing Director of BIPV Products. "By combining Open Energy's innovative designs with Suntech's leadership in quality manufacturing, marketing and sales, we are confident that we will consistently deliver innovative products, the highest quality and outstanding value to our customers capitalizing on the strengths of both companies."
About Open Energy
Open Energy Corporation is a next-generation solar energy company that develops clean energy solutions, innovative solar products and energy management applications. Open Energy's award-winning products include proprietary, cost-competitive and attractive BIPV solar tiles, membranes and asphalt/composition products. In addition, the EcoTouch(TM) Energy Management System gives consumers control over their energy usage while saving money. Open Energy's portfolio of products and services are coupled with innovative financing to enable green Solar Communities to provide low-cost power with little to no upfront cost to the consumer. Open Energy is headquartered in Solana Beach, California. For more information, visit http://www.openenergycorp.com/ .
About Suntech
Suntech Power Holdings Co., Ltd. is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.
Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. For more information, please visit http://www.suntech-power.com/ .
Safe Harbor for Forward Looking Statements
Except for statements of historical fact, the information presented in this filing constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward- looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, achievements or financial condition of the Company to be materially different from any future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. These statements are based on the Company's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "would," or "will" or variations of such words and similar expressions may identify such forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements are not guarantees of future performance. Factors which may impact them include, but are not limited to, general economic and business conditions, customer demand for the Company's products, the Company's ability to protect its intellectual property, the Company's ability to execute on its business plan, the downturn in the real estate market in the United States, the Company's need for additional financing and its ability to continue as a going concern, the Company's ability to commercialize its Solar Communities(TM) initiative and new products under development or recently introduced, the performance of the Company's licensing partners and other factors over which the Company has little or no control. All such statements are therefore qualified in their entirety by reference to the factors specifically addressed in the sections entitled "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10- Q and Suntech's Annual Report on Form 20-F. New risks can arise and it is not possible for management to predict all such risks, nor can management assess the impact of all such risks to the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward- looking statements speak only as of the date thereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof, other than as required by law.
For more information about Open Energy, please contact: Investor Relations: Integrated Corporate Relations John Mills Tel: +1-310-954-1100 Email: jmills@icrinc.com Media Relations: Integrated Corporate Relations James McCusker Tel: +1-203-682-8200 Email: jmccusker@icrinc.com For further information about Suntech, please contact: In China: Rory Macpherson Investor Relations Director Suntech Power Holdings Co., Ltd. Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: suntech@tpg-ir.com
13.01.2009 06:17
Suntech lays off 10 pct of staff, halts solar expansion
BEIJING, Jan 13 (Reuters) - The world's largest solar module maker, Suntech Power Holdings Co. Ltd., (News) said it laid off 10 percent of its 8,000-strong workforce last quarter and had suspended a plan to expand capacity by 40 percent in 2009 due to weak demand.
'The company was planning to expand capacity. But we made the decision to suspend it, judging from the impact of financial crisis and the real market conditions,' a spokeswoman said, confirming media reports.
The staff cuts and plans to suspend manufacturing capacity were reported by China Business News on Monday, quoting Suntech Chairman Shi Zhengrong.
The company also suspended a plan to hire 2,000 staff, Suntech's spokeswoman said.
The once red-hot solar sector is feeling the chill of the global financial crisis as funding for solar projects remains scarce and a dramatic drop in oil prices curtails demand for renewable energy.
Global revenues for photovoltaic solar panels are expected to drop 19 percent in 2009, believed to be the sector's first-ever contraction, as prices fall due to oversupply, research firm iSuppli said last December.
Suntech's New York-listed shares fell 14 percent on Monday along with declines in the sector, posting much steeper declines than the weaker broader market.
(Reporting by Michael Wei; Editing by Anshuman Daga) Keywords: SUNTECH/
(michael.wei@thomsonreuters.com; +8610 6627 1003; Reuters Messaging: michael.wei.reuters.com@reuters.net)
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Suntech Power tritt auf die Bremse
Presseberichten zufolge reagiert der chinesische Solarmodulbauer Suntech Power mit einschneidenden Maßnahmen auf die Nachfrageschwäche. Die Produktion wurde demzufolge temporär um 50 Prozent gekappt.
ANZEIGE
Die Aktie des chinesischen Solarmodulbauers ging gestern mit einem Abschlag von 14 Prozent aus dem Handel. Die Kursschwäche des weltgrössten Solarmodulherstellers belastet heute auch die Papiere der deutschen Solartitel: Q-Cells, Solarworld und SMA eröffneten den Handel mit Abschlägen zwischen zwei und drei Prozent.
Absatzmärkte schwächeln
Bereits im November aufgekommene Gerüchte um einen drastischen Kapazitätsabbau von Suntech Power konkretisieren sich nun. Ein ehemaliger Suntech-Mitarbeiter sagte gegenüber China Business, dass insgesamt 4.000 Mitarbeiter beziehungsweise rund 30 Prozent der Gesamtbelegschaft entlassen werden sollen. Die ersten Freistellungen gab es im Oktober. Aufgrund der fallenden Nachfrage wurde die Produktion um 50 Prozent heruntergefahren. Ein Suntech-Sprecher sagte zwar, dass es ähnliche saisonale Anpassungen schon in den Vorjahren gegeben habe – die Aktionäre zeigten sich dennoch vom Ausmaß der Kapazitätskürzungen geschockt und schickten die Aktie auf Talfahrt. Denn offenbar können selbst chinesische Großprojekte wie das Drei-Megawatt-Solardach für die Weltausstellung Expo 2010 in Shanghai die Marktschwäche in Deutschland und Spanien nicht auffangen.
Vorerst meiden!
Mit dem gestrigen Kursrutsch scheint die kurzfristige Erholung der Aktie beendet. Seit November hatte sich das Papier wieder mehr als verdoppelt. Nach dem jetzigen Bruch dieses Aufwärtstrends und dem negativen Newsflow sollte die Aktie vorerst gemieden werden.
19.01.2009 06:32
Suntech Solar Panels to Power Largest PV Solar Project in the Middle East
SAN FRANCISCO and WUXI, China, Jan. 19 /PRNewswire-Asia/ -- Suntech Power Holdings Co., (News) Ltd. , the world's leading manufacturer of photovoltaic (PV) modules, today announced it has supplied 5MW of Suntech solar panels for a 10MW solar electricity system to power Masdar City, the world's first carbon neutral city being built in Abu Dhabi, United Arab Emirates. The panels will form part of the largest solar plant in the Middle East and is being built and designed by leading Abu Dhabi based solar power system integrator, Enviromena Power Systems "Enviromena".
"We are delighted to collaborate with Masdar, a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company, and Enviromena on the development of this landmark solar project in the Middle East," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Masdar City is a revolutionary concept that will greatly influence the future of global urban development. Solar energy systems are the ideal solution for Masdar City as electricity generated will coincide with peak energy usage during the middle of the day. We look forward to working with Enviromena on this and future solar projects in the Middle East." Dr. Shi emphasized, "This 10MW system is expected to generate over 17 million kilowatt-hours per year and reduce carbon emissions by over 15,000 metric tons annually."
With a total investment of approximately $15 billion, Masdar City will take eight years to build and be home to 50,000 people and 1,500 businesses. The city, which will cover 6.5 square kilometers, will be primarily powered by solar energy and employ a broad range of innovative energy efficient technologies including electric travel pods, waste and water recycling, natural ventilation and shading. Masdar City's 10MW solar farm will provide power for the construction and eventual operations of parts of Masdar City.
"Enviromena is excited to be working with Suntech on this ground breaking project for alternative energy in the region. With growing recognition of the need for alternative energy solutions in the Middle East there is sure to be strong demand for solar projects, an exciting prospect for the industry to look forward to," Enviromena CEO&President Sami Khoreibi commented. "Enviromena has worked hard to secure a team of highly talented engineers and project managers from around the world and when choosing partners like Suntech, we ensure that clients are provided with high quality, low maintenance clean energy solutions to their power needs and we are excited to see this technology implemented on a wider scale."
About Suntech
Suntech Power Holdings Co., Ltd. is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.
Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. For more information, please visit http://www.suntech-power.com/ .
About Enviromena Power Systems
Enviromena is an Abu Dhabi based solar power system integrator dedicated to meeting the growing energy needs of the MENA region. Our solar power solutions create clean power, actively contributing to reducing climate change and creating a sustainable future.
The company's highly experienced team designs, supplies and installs turnkey photovoltaic power systems for utility scale, commercial and residential applications. Other services include design and installation of solar hot water systems and solar powered lighting products.
For more information, please visit http://www.suntech-power.com/ . About Masdar
The Masdar Initiative is Abu Dhabi's multi-faceted investment in the development and commercialization of innovative technologies in renewable, alternative and sustainable energies as well as sustainable design. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company. In January 2008, Abu Dhabi announced it will invest $15 billion in Masdar, the largest single government investment of its kind. For more information about the Masdar Initiative, please visit http://www.masdaruae.com/ .
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and include the ability to successfully install the solar system, the reduction of carbon emissions the solar system is expected to achieve, the amount of power the solar system will be able to generate, and the scheduled completion date of the solar system. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information please contact Suntech: In China: Rory Macpherson Investor Relations Director Suntech Power Holdings, Co. Ltd. Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. (Investor Relations Counsel, Suntech) Tel: +1-212-481-2050 Email: suntech@tpg-ir.com Enviromena: Sarah Longland Marketing and Communications Manager Tel: +971-123-0539 Email: slongland@enviromena.com
18.02.2009 12:32
Suntech Reports Fourth Quarter and Full Year 2008 Financial Results
SAN FRANCISCO and WUXI, China, Feb. 18 /PRNewswire-Asia/ -- Suntech Power Holdings Co., (News) Ltd. , the world's largest photovoltaic (PV) module manufacturer, today announced financial results for the fourth quarter and full year ended December 31, 2008.
Fourth Quarter 2008 Financial Highlights(1)
-- Total net revenues grew 4.2% year-over-year to $414.4 million.
-- GAAP gross margin was 0.6% and non-GAAP(2) gross margin was 0.9%. Excluding the provision for inventory and purchase commitments, adjusted non-GAAP consolidated gross margin in the fourth quarter was 13.1%.
-- GAAP net loss was $65.9 million, or negative $0.42 per diluted American Depository Share (ADS). On a non-GAAP basis, Suntech's net loss was $42.4 million, or negative $0.27 per diluted ADS. Each ADS represents one ordinary share.
-- Net debt decreased by $273.7 million to $1,117.8 million as of December 31, 2008. Full Year 2008 Financial Highlights(1)
-- Total net revenues grew 42.7% year-over-year to $1,923.5 million.
-- Full year 2008 total shipments of solar products grew 36.0% year-over-year to 497.5 MW.
-- GAAP gross margin was 17.8% and non-GAAP(2) gross margin was 18.2%.
-- GAAP net income for the full year was $111.0 million or $0.66 per ADS. On a non-GAAP basis, Suntech's net income for the full year was $149.7 million or $0.89 per diluted ADS.
-- Achieved 1GW solar cell and module production capacity.
"Customer recognition of Suntech's high performance and premium quality modules enabled us to deliver close to 500MW in the full year 2008 and extend our position as a world leader in solar," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "During 2008, we bolstered our on-the-ground customer service and support capability by opening branches in key markets and hiring experienced solar professionals, achieved 1GW production capacity, and demonstrated our strength in solar innovation with the successful commercialization of our Pluto technology."
"We believe that we are now in a position to service all avenues of solar demand globally, including residential roof-top, commercial roof-top, ground mounted and utility scale. In particular, our continued investment in the U.S. should position us for strong growth in that key market and its burgeoning utility-scale segment via our systems integration unit, Suntech Energy Solutions, and our project development joint venture, Gemini Solar."
"Despite the challenging market conditions, we are confident that we are well positioned to expand our market share in 2009. We believe that the project financing environment is improving and will continue to do so as the year progresses, leading to further growth of the solar industry. We are confident that Suntech's reputation as a global solar leader will benefit us as more and more customers realize the value in partnering with a company that offers stability, first class service, industry-leading scale, superior technology, quality and a broad product portfolio," added Dr. Shi.
...
February 18, 2009
http://seekingalpha.com/article/...rnings-call-transcript?source=feed
Suntech startet Vertriebsoffensive
Dienstag, 24.02.2009 09:04
Chinas führender Solarmodulehersteller Suntech Power Holdings will verstärkt Solarmodule an japanische Privathaushalte verkaufen. Hierfür will das Unternehmen ein Netz bestehend aus 100 Vertriebsniederlassungen in Japan errichten, berichtet die Japan Business News. Zunächst werde sich Suntech auf den Export von monokristalliner Solarmodule konzentrieren, heißt es.
...(weiter siehe LINK)
Warum läuft hier eigentlich ein Thread von Suntech-Power?
Grüsse von G.
ax
Thomas Weisel - Suntech Power Holdings "market weight"
16:10 10.03.09
San Francisco (aktiencheck.de AG) - Die Analysten von Thomas Weisel stufen die Aktie von Suntech Power Holdings (Profil) von "underweight" auf "market weight" herauf. Das Kursziel werde bei 6 USD gesehen. (10.03.2009/ac/a/u)
http://blogs.barrons.com/techtraderdaily/2009/03/...el-raises-rating/
March 10, 2009, 10:27 am
Suntech Shrs Rally As Weisel Raises Rating
Posted by Eric Savitz
Suntech (STP) shares are up sharply this morning after Thomas Weisel Partners analyst Jeff Osborne raised his rating on the company to Market Weight from Underweight, asserting that the risk/reward balance on the stock is now more balanced after a recent price decline.
Osborne notes that since reporting earnings on February 18th, the stock’s valuation has tumbled from 15x his 2009 EPS to 8.9x currently. That’s still a 30% premium to the company’s solar industry peers, but he says that level “reflects the strength of STP’s competitive position.”
He’s not exactly bullish; Osborne notes that 2009 orders will be back-end loaded “in a near-term challenging environment, implying meaningful risks to the management’s 2009 guidance.” But he says the risks are comparable to those of its key industry peers, and well factored into the stock price.
He maintains a $6 price target on the stock. Osbrone says the company should be “a long-term winner post the shake out in solar,” but that near-term the company’s results will continue to be pressured by a challenging credit environment and excess channel inventories.
http://www.finanznachrichten.de/...f-solar-projects-in-the-us-008.htm
Suntech und 3rd Rock wollen 7-Megawatt-Projekt realisieren
Donnerstag, 12.03.2009 15:36
Der chinesische Solarzellenhersteller Suntech Power Holdings hat eine strategische Allianz mit 3rd Rock Systems and Technologies geschlossen, um Solarprojekte in den USA zu entwickeln. Im Mittelpunkt steht dabei die Entwicklung einer 7,2 Megawatt Solaranlage in den USA.
3rd Rock wird dabei als Projektentwickler agieren und für die Finanzierung verantwortlich zeichnen. Suntech wird dabei als bevorzugter Zulieferer von Solarmodulen auftreten und über die 100%ige Tochter Suntech Energy Solutions auch die Konstruktionsarbeiten leiten.