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Friday, May 22, 2009

Suntech, LDK, ReneSola down

Chinese solar panel maker Suntech Power (STP) priced a stock offering of 20 mil shares at $21.50 a share, spurring its stock to drop 7.4% to 12.48. A day earlier, SunTech posted better-than-expected earnings, although profit and sales were down. LDK Solar (LDK) and ReneSola (SOL) fell 16.5% and 7%, respectively, after their earnings missed views.
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Posted by Senor Marquez at 11:28 PM

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