Suntech Power Gets a Lifeline … Sort Of

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Investors holding $541 million of Suntech Power's (NASDAQOTH: STPFQ  ) convertible bonds due this Friday have agreed to delay repayment until May 15. This looks like a positive sign, but the company hasn't been able to line up financing to pay back the bonds -- financing that used to be easily obtained from Chinese state-run banks. 

Is this latest deal a good thing for Suntech and other Chinese solar companies or a warning sign? Here to discuss the impact on solar stocks is analyst Travis Hoium, who speaks with the Fool's Alison Southwick in the following video.

Who could win in solar?
Investors and bystanders alike have been shocked by First Solar's precipitous drop over the past 12 months, and now the stakes have never been higher for the company. Is it done for good or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details every must-know side of this stock. To get started, just click here now.

Read/Post Comments (0) | Recommend This Article (0)

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.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2306437, ~/Articles/ArticleHandler.aspx, 10/9/2015 10:07:13 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

Today's Market

updated Moments ago Sponsored by:
DOW 17,097.39 46.64 0.27%
S&P 500 2,016.10 2.67 0.13%
NASD 4,825.12 14.33 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/9/2015 9:51 AM
FSLR $51.31 Up +0.19 +0.37%
First Solar CAPS Rating: ***
LDKYQ $0.06 Down +0.00 -3.23%
LDK Solar Co., Ltd… CAPS Rating: *
SOL $1.35 Up +0.01 +0.75%
ReneSola Ltd CAPS Rating: *
STPFQ $0.00 Down +0.00 +0.00%
Suntech Power Hold… CAPS Rating: *
YGE $0.46 Down -0.02 -3.23%
Yingli Green Energ… CAPS Rating: *