Suntech Power Shares Rise after IPO

[RenewableEnergyAccess.com] A day after Suntech Power Holdings [STP], a manufacturer of solar cells and modules based in Jiangsu Province, China, launched its IPO with the sale of 26,380,000 shares at US$15 per share, its shares rose an impressive 34 percent, up $5.10 to $20.10 on the New York Stock Exchange. The Suntech IPO follows on the heels of an equally successful IPO for SunPower [SPWR] last month. SunPower’s shares rose 41 percent on the first full day of trading.
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