Suntech Power In The Red Despite Surge In Revenues

Suntech Power Holdings Co. (NYSE: STP) is China's largest U.S.-listed solar player by market-capitalization.

By Tate Dwinnell: Suntech Power (STP) is announcing preliminary results today that aren’t bad. The company expects shipments will have increased 15% over last quarter with revenues exceeding $800 million.

Trefis submits: Suntech Power (STP) designs, develops, manufactures, and markets photovoltaic products and also provides engineering and construction service for building solar power systems.

By Tate Dwinnell: MEMC Electronic Materials (WFR) beat estimates after the bell Wednesday and shares initially surged about 5% on the news, but have since given back much of the gain likely due to soft guidance.

Investing Hobo submits: Although Suntech Power’s (NYSE: STP) operating performance during 2010 was extremely lackluster relative to peers and the industry as a whole, the company was still able to maintain its leadership position within the industry. In 2010, STP led the industry with 1572mw of solar products shipped, representing 124.5% volume growth over 2009.

Trefis submits: In addition to manufacturing and marketing of photovoltaic (PV) products, Suntech Power (NYSE:STP) provides integration services like engineering and maintenance in building solar power systems, as well as equipment automation.

Brooks McFeely submits:MEMC Electronic Materials (WFR) is due with its Q4 results in this evening's extended-hours trading. The Thomson Reuters mean analyst estimate is for earnings of $0.34 per share on $901 million in revenue.

Tate Dwinnell submits: MEMC Electronic Materials (WFR) just can’t seem to get it going. Just when you think the company is ready to turn the corner, they turn in another disappointing quarter and this one was no exception.