1. Suntech Solar (stock code: STP) Wuxi Suntech Solar Power Holdings Co., Ltd. issued an initial public offering of 26.38 million American depositary receipts priced at $15. Suntech's American depositary receipts began trading on the New York Stock Exchange on December 26, 2005, under the symbol STP.
2. The New York Stock Exchange announced that Suntech Power had “entered the delisting process” and “will make a decision to suspend trading” before the U.S. stock market opens on Monday. time. Affected by this news, Suntech Power plunged again by almost 40% at the start of trading last Friday, after falling 30% in a single trading day last Thursday. As of the last trading day of last week, Suntech Power closed at US$0.53 per share. Reuters previously analyzed that Suntech Power would result in the result of “delisting”. The deregistration of Suntech Power is regrettable. A few years agoborn, when the local government heavily promoted Suntech and Shi Zhengrong, no one might have thought that Suntech would meet such an end. However, some analysts believe that the delisting of Suntech Power will not affect the recovery of China's photovoltaic industry - Southwest Securities released a research report on the solar photovoltaic industry on November 6, saying: "As the photovoltaic industry has gradually emerged from the haze since the last In the second half of the year, enterprise income gradually recovered, profitability gradually improved, and the turning point of the industry was initially confirmed "This n This is not the first time that Suntech Power has faced delisting. As early as September last year, the New York Stock Exchange issued a delisting warning because Suntech Power's stock price had remained below US$1 per share for 30 days of bconsecutive bears. However, the company later took various self-rescue measures to bring the stock price back. return above US$1 per share, thus avoiding a forced delisting.
3. Therefore, it is reported that Michael Nakson said: "Suntech will focus on developing installation services for photovoltaic products and may outsource production, although Suntech has not been able to do so in terms of cash and asset flows. and responsibilities, However, the company believes that it is still possible to complete the restructuring and restore the solvency of Suntech and its subsidiaries.
Subsequently, the New York Stock Exchange declared on November 8 that Suntech and its subsidiaries. are currently undergoing restructuring. Additionally, Suntech is still arranging the resubmission of its 2010 and 2011 annual financial reports, and it is unclear whether the company canor on time its annual report for the 2012 financial year." The New York Stock Exchange is concerned about this. The restructuring process mentioned above will have an impact on the company's American depositary shares. Therefore, the decision delisting has been taken. Judging from the current situation, Suntech Power's situation can only be an "individual case". Wuxi Suntech Solar Power Co., Ltd. A well-known solar panel manufacturer in China, founded in 2001. As one of the world's largest photovoltaic panel manufacturers, Wuxi Suntech has high visibility and influence in the solar field However, reviews and reputation on Wuxi Suntech Solar vary from person to person. Some people think its products are of good quality, while others think there are shortcomings. >On the positive side, Wuxi Suntech Solar Energy has advantages tetechnics and its products are widely used in various solar projects, including large-scale ground-level solar projects. development of power plants, distributed power generation and domestic systems. Compete in the global market and export products worldwide. These results show that Wuxi Suntech has a certain competitiveness in the field of solar energy.
However, some critics have pointed out that there are problems with Wuxi Suntech Solar's product quality and after-sales service. Some users have reported that their solar panels are experiencing issues such as reduced efficiency and short lifespan when in use. Additionally, Suntech Solar has also been questioned by some in terms of its response to market changes and competition.
In general, Wuxi Suntech Solar Energy, as a photovoltaic enterprisewell known, has advantages in terms of technology and scale. However, there may be some shortcomings in terms of product quality and after-sales service. Therefore, when evaluating Wuxi Suntech Solar, various factors must be considered comprehensively and cannot be simply summarized by the word "waste". It is recommended when purchasing solar panels to do more comparisons and choose the product that suits you.
Although you initially contacted the company through them, you will then need to contact the company's human resources department directly and not through the owner. And you should call the company's human resources department in a day or two to inquire about the situation and call back. It will be bad if you go through an intermediary later. Things can be delayed for various reasons, intentional or not.