Android app on Google Play

Suntech Power (STP) Could Decline 50% in Next 50 Days - Raymond James

February 6, 2013 11:17 AM EST Send to a Friend
Get Alerts STP Hot Sheet
Price: $0.53 --0%

Rating Summary:
    1 Buy, 11 Hold, 16 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 25 | New: 14
Trade STP Now!
Join SI Premium – FREE
Raymond James analyst Pavel Molchanov sees a 50% chance of a 50% sell-off in Suntech Power (NYSE: STP) on the next 50 days.

Molchanov said if the company was a non-Chinese PV manufacturer it would already be bankrupt. Suntech has convertible debt of over $500 million coming due within less than six weeks - March 15.

The analyst outline the possible outcomes that he sees. Outcome #1 (50% probability): Heavily dilutive equity issuance; Outcome #2 (35% probability): Bankruptcy; Outcome #3 (15% probability): Non-dilutive outcome.

For an analyst ratings summary and ratings history on Suntech Power click here. For more ratings news on Suntech Power click here.

Shares of Suntech Power closed at $1.58 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Hot Comments, Rumors, Trader Talk

Related Entities

Raymond James, Bankruptcy

Add Your Comment