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STP Spdr Msci Europe Materials Ucits Etf

306.70
-3.45 (-1.11%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Spdr Msci Europe Materials Ucits Etf EU:STP Euronext Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -3.45 -1.11% 306.70 306.40 307.00 310.65 306.10 310.65 256 16:35:24

Suntech To Supply 5 MW In Solar-Power Panels To Standard Solar

27/01/2009 2:13pm

Dow Jones News


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Suntech Power Holdings Co. (STP) has reached a deal to provide up to 5 megawatts worth of photovoltaic panels to solar-power system developer Standard Solar.

Financial terms weren't disclosed. The panels will be used by privately held Standard Solar, of Gaithersburg, Md., to supply power throughout the Midatlantic U.S. states. One megawatt is enough electricity to power about 750 to 1,000 typical homes.

The deal comes just days after China-based Suntech, the world's biggest maker of photovoltaic panels by revenue, raised its fourth-quarter sales forecast on stronger-than-expected shipments, but warned that falling prices will result in an inventory write-down and narrower margins.

-Mark Long, Dow Jones Newswires; (201) 938-4427; mark.long@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.

 
 

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