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Gold/Mining/Energy : Suntech Power Holdings Co. -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (1)	12/15/2005 11:12:32 AM
From: Clappy	Read Replies (1) \| Respond to of 82

Suntech's IPO shines in debut By Steve Gelsi, MarketWatch Last Update: 2:35 PM ET Dec. 14, 2005 Disable MW live quotes \| E-mail it \| Print \| Discuss \| Alert \| Reprint \| NEW YORK (MarketWatch) -- Suntech Power's initial public offering rose more than 30% as the solar-technology developer shined in its market debut Wednesday. TRADING CENTER INFORMATION FOR STP: Create an alert for STP Add STP to my portfolio More cool charts on STP Discuss STP NEWS FOR STP Suntech shines as solar stocks continue to heat up More news for STP Quote & News Charts Financials Analysts Options SEC Filings TRACK THESE TOPICS My Portfolio Alerts Company: Suntech Pwr Hldgs Co Ltd Add Create Column: IPO Report Create Company: Sunpower Corp Add Create Company: Dealertrack Hldgs Inc Add Create Get breaking news sent directly to your in-box Create a Portfolio \| Create an Alert Suntech Power Holdings Co. Ltd. (STP: suntech pwr hldgs co ltd adr News, chart, profile Last: 20.67-0.53-2.50% 10:49am 12/15/2005 Add to portfolio Analyst Create alertInsider Discuss FinancialsMore STPSTP20.67, -0.53, -2.5%) opened at $20.35 in its first trade as a public company for a generous gain over its $15 IPO price. The China-based tech firm saw its shares change hands at $19.65 in recent action on the New York Stock Exchange. Suntech raise about $400 million by offering 26.4 million shares at the top of the estimated range of $13-$15 with underwriters CS First Boston and Morgan Stanley. Earlier this week, the company boosted its estimated price range from $11-$13 as institutional investors placed orders for the IPO. Renaissance Capital lauded the stock as an "easy choice" in light of the performance of SunPower Corp. (SPWR: sunpower corp com cl a News, chart, profile Last: 27.75-0.35-1.25% 10:54am 12/15/2005 Add to portfolio Analyst Create alertInsider Discuss FinancialsMore SPWRSPWR27.75, -0.35, -1.2%) , which debuted Nov. 17 at $18 a share and is now trading at $27. The IPO fund manager cited Suntech's "strong fundamentals, attractive price and leading position in a red-hot industry." Trading in Suntech kicked off under the symbol "STP" on the New York Stock Exchange as the IPO market rushes toward the 2005 finish line with a flurry of deals. marketwatch.com