Suntech Power Gaining After Being Selected to Power Taiwan's Largest Solar Power Plant (STP)
3/17/2010-Shares of Suntech Power Holdings (NYSE: STP), the world's largest producer of crystalline silicon photovoltaic modules, are trading 2% higher Wednesday to $14.62 after the company said it will supply solar panels for what will be the biggest solar power plant in Taiwan.
Owned and operated by the Taiwan Power Company, and developed by Fortune Electric, the new 4.7MW solar plant in Young'an, Kaohsiung, Taiwan, will nearly double the island's current installed solar capacity of about 5MW.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup
