Suntech Power Gets a Lifeline ... Sort Of
Mar 11th 2013 9:27PM
Updated Mar 12th 2013 1:00AM
Investors holding $541 million of Suntech Power's convertible bonds due this Friday have agreed to delay repayment until May 15. This looks like a positive sign, but the company hasn't been able to line up financing to pay back the bonds -- financing that used to be easily obtained from Chinese state-run banks.
Is this latest deal a good thing for Suntech and other Chinese solar companies or a warning sign? Here to discuss the impact on solar stocks is analyst Travis Hoium, who speaks with the Fool's Alison Southwick in the following video.
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The article Suntech Power Gets a Lifeline ... Sort Of originally appeared on Fool.com.Alison Southwick, Fool contributor Travis Hoium, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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