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.