Suntech Regains Compliance with NYSE $1 Minimum Share Price Listing Requirement
Suntech Power Holdings (NYSE: STP) today announced that it has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing requirements.
In a letter dated January 8, 2013, the NYSE notified the Company that a calculation of Suntech's average stock price for the 30 trading-days ended December 31, 2012 indicated that its stock price was above the NYSE's minimum requirement of $1 based on a 30 trading-day average. In addition, on December 31, 2012, the Company's closing share price was $1.53. The Company will continue to monitor its ongoing compliance with the NYSE's continued listing standards.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are designed to drive solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.