Suntech Power Shares Plunged: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Suntech Power (NYSE: STP  ) were down by double digits again today, setting a new 52-week low of $3 a share earlier in the trading session.

So what: The drop appears to be a continuation of yesterday's selloff in Chinese solar stocks, which in turn was prompted by news that peer JinkoSolar (NYSE: JKS  ) faces a regulatory rebuke for polluting a nearby river and killing fish in the process.

Now what: Mix in a bad quarter for Suntech specifically and the industry generally, and you have a recipe for poor returns. Yet the underlying numbers still appear to be better than anyone thinks. Do you agree? Would you buy at current levels? Please weigh in using the comments box below.

Interested in more info on Suntech Power? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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Read/Post Comments (3) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On September 20, 2011, at 5:40 PM, ron2257 wrote:

    jks to 7.00 wish list stp to 3.50 wish list i would never bought them if not for your email sad to say

  • Report this Comment On September 20, 2011, at 5:42 PM, ron2257 wrote:

    hope pray this new year brings you both many good happy times and things god bless jks to 7.00please stp to 3.50

  • Report this Comment On September 21, 2011, at 8:08 PM, ET69 wrote:

    Solar is stil the place to be in the medium to long run................ BUY!

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Related Tickers

4/21/2014 11:11 AM
JKS $27.26 Up +0.14 +0.52%
JinkoSolar Holding… CAPS Rating: *
STPFQ $0.31 Up +0.01 +1.97%
Suntech Power Hold… CAPS Rating: **

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