03 Sep '13, 3pm

China Solar Update: Suntech Reorganizes, Yingli Improves

China Solar Update: Suntech Reorganizes, Yingli Improves

Several solar panel companies are in the headlines once again, led by an news that bankrupt former superstar Suntech (NYSE: STP) is nearing a reorganization that will cost its stockholders most of their money. While that may sound bad, I personally don’t have much sympathy for anyone who continued to hold Suntech stock after the company started experiencing major problems about a year ago. Meantime, the news is a bit more positive for rivals Yingli (NYSE: YGE) and Renesola (NYSE: SOL), which both reported narrowing losses as outlook for the sector continues to improve with stabilizing and even rising prices for solar panels. Let’s start off with Suntech, as that’s the most salient of the latest news, involving a former solar pioneer whose rapid fall ended with its bankruptcy back in March. Suntech’s latest developments could be quite good, as it will most likely lead to th...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2013/09...

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