Suntech Falls After Warning on Margins

[Reuters] Shares of Suntech Power Holdings Co. fell 12 percent on Tuesday after the Chinese maker of solar panels said high raw material prices would squeeze margins this year. It was the company’s biggest single-day percentage drop since it debuted on the New York Stock Exchange in December. The stock, now at a one-month low of $33.80, was also the biggest percentage loser on the exchange.

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