Suntech Power (STP.N), the world's largest solar cell maker, expects its margins to expand this year, its chief executive said, adding he had no plans to sell his stake of about 30 percent in the company. At a time when solar companies such as SunPower (SPWRA.O), LDK Solar (LDK.N) and SMA Solar (S92G.DE) forecast shrinking profit margins due to falling module prices and oversupply, Suntech's Zhengrong Shi said he was confident the company could buck the trend. The company is ramping up output of polysilicon wafers needed for solar cells, thereby lowering manufacturing costs that would occur if the product had to be sourced from a third party. "We're going to be expanding our margin and market share," Shi, who is also Suntech's chairman and founder, told reporters in Munich late on Wednesday when asked about margin development in the ongoing business year.
Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company, which is engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products, including a range of building-integrated photovoltaic (BIPV) products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for certain related party and third party customers. Shares of STP remained unchanged at $7.45. In the past year, the shares have traded as low as $7.05 and as high as $11.41. On average, 4253240 shares of STP exchange hands on a given day and today's volume is recorded at 0.
SunPower Corporation (SunPower) is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. Shares of SPWRA remained unchanged at $21.33. In the past year, the shares have traded as low as $9.61 and as high as $22.60. On average, 3130290 shares of SPWRA exchange hands on a given day and today's volume is recorded at 0.
LDK Solar Co., Ltd. is a producer of solar wafers in terms of capacity, and a solar module manufacturer. Shares of LDK remained unchanged at $6.57. In the past year, the shares have traded as low as $4.97 and as high as $15.10. On average, 7697880 shares of LDK exchange hands on a given day and today's volume is recorded at 0.
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