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| 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 |
From Jun 2019 to Jun 2024
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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