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Top solar panel maker Suntech faces NYSE delisting

Reuters -- (Reuters) - Suntech Power Holdings Co Ltd (STP.N), the world's largest maker of solar panels whose shares hit a high of $90 in early 2008, runs the risk of being booted out by the New York Stock Exchange.

The company did not meet the exchange's price criteria for continued listing as the average closing price of the stock was less than $1 over the last 30 trading days as of September 10, Suntech said in a statement on Friday.

Suntech shares were down 5 percent at 96 cents on Friday morning.

Shares of Suntech, like peers JA Solar Holdings Co (JASO.O), Trina Solar Ltd (TSL.N) and Yingli Green Energy Holding Co (YGE.N), have fallen sharply in the past three years as product prices fell due to a glut in China and weak subsidies in Europe.

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Submitted Sep 22, 2012 By: drpepperTX

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drpepperTX Champion Author Texas Posts:8,934 Points:751,010 Joined:Apr 2011	Message Posted: Sep 23, 2012 3:14:03 PM Ignore drpepperTX Report Abuse So we have this from Houckster, "Another example of the disgusting temperament of the Hard Right. Their capacity to say mean and hateful things is inexhaustible." A few minutes before Houckster posted this "If I were Mr. Romney, I'd be embarrassed that such intelligence-challenged people were supporting me. Looks like HAILSTORMCA's intellectual development stopped at about the 3rd grade." Look, we all know it's very difficult for the liberal left to defend their choice, Obama, but just how far those like Houckster will take their hypocrisy is hilarious!
Houckster Champion Author Atlanta Posts:9,340 Points:693,335 Joined:Sep 2003	Message Posted: Sep 23, 2012 2:16:04 PM Ignore Houckster Report Abuse ALEX395 writes: Obama will be there with our money soon. Community Organizers have little experience in any aspect of life except how to run a good mafia. _____ Another example of the disgusting temperament of the Hard Right. Their capacity to say mean and hateful things is inexhaustible. Oh, by the way, they'll soon have four more years to practice being small. [Edited by: Houckster at 9/23/2012 2:17:40 PM EST]
alex395 Champion Author Louisville Posts:2,045 Points:276,435 Joined:Jan 2007	Message Posted: Sep 23, 2012 1:06:55 PM Ignore alex395 Report Abuse Obama will be there with our money soon. Community Organizers have little experience in any aspect of life except how to run a good mafia.
Houckster Champion Author Atlanta Posts:9,340 Points:693,335 Joined:Sep 2003	Message Posted: Sep 23, 2012 11:35:47 AM Ignore Houckster Report Abuse HAILSTORMCA writes: Guess they didn't donate to Obummer. ______ If I were Mr. Romney, I'd be embarrassed that such intelligence-challenged people were supporting me. Looks like HAILSTORMCA's intellectual development stopped at about the 3rd grade.
HailstormCA Champion Author San Diego Posts:7,845 Points:1,470,070 Joined:Nov 2008	Message Posted: Sep 23, 2012 10:27:29 AM Ignore HailstormCA Report Abuse Guess they didn't donate to Obummer.
ClarkSC Champion Author South Carolina Posts:3,073 Points:1,010,430 Joined:May 2010	Message Posted: Sep 23, 2012 9:26:49 AM Ignore ClarkSC Report Abuse Figures.
kyjlh Champion Author Kentucky Posts:1,612 Points:650,685 Joined:Feb 2005	Message Posted: Sep 23, 2012 5:56:59 AM Ignore kyjlh Report Abuse ok
djgunrunner Champion Author Salt Lake City Posts:10,094 Points:2,347,630 Joined:Apr 2005	Message Posted: Sep 23, 2012 4:27:55 AM Ignore djgunrunner Report Abuse How much is that going to cost the average American citizen?
judgemobile Champion Author Ohio Posts:7,565 Points:2,444,160 Joined:Nov 2005	Message Posted: Sep 23, 2012 12:09:06 AM Ignore judgemobile Report Abuse thought I heard someone say Solyndra...
kcboy Champion Author Utah Posts:3,963 Points:1,506,825 Joined:Jun 2005	Message Posted: Sep 23, 2012 12:06:29 AM Ignore kcboy Report Abuse ok
rtw777 Champion Author Florida Posts:9,386 Points:1,840,045 Joined:Jan 2008	Message Posted: Sep 23, 2012 12:05:52 AM Ignore rtw777 Report Abuse Wow. What a drop.
carinthuist Champion Author San Francisco Posts:2,238 Points:328,285 Joined:Mar 2012	Message Posted: Sep 22, 2012 11:55:42 PM Ignore carinthuist Report Abuse excellence
Lbro Champion Author Denver Posts:1,035 Points:442,020 Joined:Jan 2004	Message Posted: Sep 22, 2012 11:54:36 PM Ignore Lbro Report Abuse Good time to buy pv- $1 a watt is GREAT!!!
HA4CNN Champion Author Toronto Posts:5,614 Points:1,541,440 Joined:Dec 2006	Message Posted: Sep 22, 2012 11:53:12 PM Ignore HA4CNN Report Abuse Too many listed already.
Rt118E Champion Author Pennsylvania Posts:9,481 Points:1,367,295 Joined:Jun 2009	Message Posted: Sep 22, 2012 11:50:25 PM Ignore Rt118E Report Abuse Not good
PithyOpiner Champion Author Stockton Posts:16,195 Points:1,595,595 Joined:Jun 2008	Message Posted: Sep 22, 2012 11:50:14 PM Ignore PithyOpiner Report Abuse Somebody give Obama a call. He'll buy up the shares.
wang91554 Champion Author San Jose Posts:3,160 Points:1,199,855 Joined:May 2009	Message Posted: Sep 22, 2012 11:48:09 PM Ignore wang91554 Report Abuse ouch
WIWalt Champion Author Wisconsin Posts:1,724 Points:414,755 Joined:Mar 2012	Message Posted: Sep 22, 2012 11:45:04 PM Ignore WIWalt Report Abuse Really annother failure
q2 Champion Author Alberta Posts:2,024 Points:378,145 Joined:Nov 2008	Message Posted: Sep 22, 2012 11:44:57 PM Ignore q2 Report Abuse ok
Marson Champion Author Scranton Posts:8,937 Points:2,076,210 Joined:Oct 2006	Message Posted: Sep 22, 2012 11:43:31 PM Ignore Marson Report Abuse OK.
gd83goldwinger Champion Author South Bend Posts:1,428 Points:503,480 Joined:May 2011	Message Posted: Sep 22, 2012 11:42:25 PM Ignore gd83goldwinger Report Abuse It's mismanagement that's the real problem.
AKmailman Champion Author Alaska Posts:5,628 Points:1,556,590 Joined:Jul 2004	Message Posted: Sep 22, 2012 11:42:00 PM Ignore AKmailman Report Abuse and it's delisted off this forum 'cause it's OFF TOPIC
trugasCA Champion Author California Posts:3,848 Points:160,005 Joined:Mar 2011	Message Posted: Sep 22, 2012 11:41:43 PM Ignore trugasCA Report Abuse l READ THE AbOUT THE COMPANY AND IT SAID "IF THIS WAS AN AMERICAN COMPANY'' sO CALM DOWN TAXPAYERS MONEY NOT INVOLVED. [Edited by: trugasCA at 9/22/2012 11:44:51 PM EST]
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Sep 22, 2012 11:39:34 PM Ignore VomVom Report Abuse There is no doubt that the Sun has more than enough energy to power all of Earth many times over. It has been doing so for over 4.5 billion years. The only way to harness it cost effectively is to conduct R&D and not by flushing money down the toilet to companies like Solyndra, Solar1 and others. It is most unfortunate that President Obama and Energy Czar Steve Chu do not seem to recognize that.
bonzoonfmb Champion Author Florida Posts:1,777 Points:642,860 Joined:Feb 2010	Message Posted: Sep 22, 2012 11:36:58 PM Ignore bonzoonfmb Report Abuse It is a pattern that newer technology companies have a lack of success in the running of a business. I did not see in the article where any taxpayer money was involved, which is good.
charladan All-Star Author Virginia Posts:564 Points:448,015 Joined:Jun 2011	Message Posted: Sep 22, 2012 11:36:49 PM Ignore charladan Report Abuse it would be nice when the technology is mature but now it's a crap shoot
skyking19 Champion Author Little Rock Posts:1,996 Points:1,697,965 Joined:Jan 2007	Message Posted: Sep 22, 2012 11:36:40 PM Ignore skyking19 Report Abuse What really happened.
trugasCA Champion Author California Posts:3,848 Points:160,005 Joined:Mar 2011	Message Posted: Sep 22, 2012 11:34:36 PM Ignore trugasCA Report Abuse l am so happy with our solar power, and the reasonable cost per month. l highly recommend it.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 22, 2012 11:33:29 PM Ignore Jeeputtputt Report Abuse more obum tax dollars given away...
whaboush Champion Author Richmond Posts:1,233 Points:729,910 Joined:Nov 2010	Message Posted: Sep 22, 2012 11:32:23 PM Ignore whaboush Report Abuse That's terrible.
mplato Champion Author Columbia Posts:8,244 Points:1,814,295 Joined:Jun 2004	Message Posted: Sep 22, 2012 11:29:31 PM Ignore mplato Report Abuse yet another failure...how much did we give this one? thanks for that hope and change obummer
eswi Champion Author Madison Posts:2,535 Points:682,180 Joined:Mar 2009	Message Posted: Sep 22, 2012 11:27:42 PM Ignore eswi Report Abuse OK
OGW Champion Author London Posts:5,324 Points:1,530,400 Joined:Sep 2005	Message Posted: Sep 22, 2012 11:27:42 PM Ignore OGW Report Abuse Good for the NYSE and while they are in the booting mood, start kicking out all the oil futures traders and the world will be a lot better place.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Sep 22, 2012 11:27:26 PM Ignore 36_ACRES_4_SALE Report Abuse Wow
trytogetby All-Star Author Cincinnati Posts:864 Points:214,000 Joined:Apr 2012	Message Posted: Sep 22, 2012 11:26:38 PM Ignore trytogetby Report Abuse Wow
Thadius330 Veteran Author San Antonio Posts:403 Points:90,820 Joined:Aug 2012	Message Posted: Sep 22, 2012 11:25:55 PM Ignore Thadius330 Report Abuse Alright
WE0H Champion Author Twin Cities Posts:1,533 Points:480,165 Joined:Feb 2011	Message Posted: Sep 22, 2012 11:22:42 PM Ignore WE0H Report Abuse Our current government = failure. Time for a change in November.
nimpy Champion Author Indianapolis Posts:8,130 Points:1,700,130 Joined:Oct 2007	Message Posted: Sep 22, 2012 11:21:54 PM Ignore nimpy Report Abuse I agree Mrbee, another failure
mrbee Champion Author Little Rock Posts:3,749 Points:2,464,705 Joined:Oct 2005	Message Posted: Sep 22, 2012 11:20:51 PM Ignore mrbee Report Abuse Another failure.
WeasleyOC Champion Author Orange County Posts:3,139 Points:800,375 Joined:Jul 2008	Message Posted: Sep 22, 2012 11:18:42 PM Ignore WeasleyOC Report Abuse Maybe Obummer should help them out?
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Sep 22, 2012 11:17:45 PM Ignore WIPACKERFAN Report Abuse Thanks Mr Pres. Your help didnt help.
Tekkersmom57 Champion Author Syracuse Posts:1,869 Points:699,240 Joined:May 2010	Message Posted: Sep 22, 2012 11:13:35 PM Ignore Tekkersmom57 Report Abuse This to me is a sad story. Solar energy is free for the taking, if we could just come up with reasonable ways to harness it.
serrog Champion Author Nova Scotia Posts:5,559 Points:1,511,155 Joined:Oct 2008	Message Posted: Sep 22, 2012 11:13:10 PM Ignore serrog Report Abuse Shows how fickle the market is
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Sep 22, 2012 11:13:01 PM Ignore abcdMA Report Abuse another taxpayer loss, and current administration bungling
McMutt Champion Author Ontario Posts:2,137 Points:1,308,300 Joined:Nov 2007	Message Posted: Sep 22, 2012 11:12:38 PM Ignore McMutt Report Abuse Wow:(
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Sep 22, 2012 11:11:41 PM Ignore mstearno Report Abuse taxpayer money here?
Bleeder Champion Author Virginia Posts:8,038 Points:1,698,875 Joined:Jan 2008	Message Posted: Sep 22, 2012 11:10:27 PM Ignore Bleeder Report Abuse Well at least they are not bankrupt (yet).
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Sep 22, 2012 11:09:25 PM Ignore DEG Report Abuse Obviously solar pv is not ready for prime time. The government should not be wasting taxpayer $$$ on solar pv.
goldrose1 Champion Author Cleveland Posts:10,931 Points:1,923,530 Joined:Feb 2005	Message Posted: Sep 22, 2012 11:08:18 PM Ignore goldrose1 Report Abuse Now what?
achas Veteran Author Charlotte Posts:270 Points:43,545 Joined:Aug 2012	Message Posted: Sep 22, 2012 10:54:38 PM Ignore achas Report Abuse I HOPE THEY GET THERE ACT TOGETHER