Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest producers of solar panels, announced that it has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing requirements.
In a letter dated January 8, 2013, the NYSE notified the Company that a calculation of Suntech's average stock price for the 30 trading-days ended December 31, 2012 indicated that its stock price was above the NYSE's minimum requirement of $1 based on a 30 trading-day average. In addition, on December 31, 2012, the Company's closing share price was $1.53. The Company will continue to monitor its ongoing compliance with the NYSE's continued listing standards.