Suntech Power PT Lowered to $0.50 (STP)
A number of other firms have also recently commented on STP. Analysts at Zacks reiterated a “neutral” rating on shares of Suntech Power in a research note to investors on Monday. They now have a $0.75 price target on the stock. Analysts at Raymond James downgraded shares of Suntech Power from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, March 6th.
Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Suntech Power currently has an average rating of “Sell” and a consensus target price of $0.95.
Suntech Power (NYSE: STP) traded down 10.32% on Tuesday, hitting $0.5749. Suntech Power has a 1-year low of $0.41 and a 1-year high of $3.68. The stock’s 50-day moving average is currently $1.34. The company’s market cap is $104.0 million.
Suntech Power Holdings Co, Ltd. (NYSE: STP) is a solar energy company. Suntech is principally engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for residential, commercial, and utility-scale power plant customers.
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