Suntech Power IPO Starts Strong (STP)

Dec.16.05 | About: Suntech Power (STP)

Shares of Suntech Power Holdings Co. Ltd. (NYSE:STP) started trading Wednesday and the stock closed with a 34% gain on the day. Suntech is a solar PV manufacture based in China's Jiangsu Province. They plan on using this cash infusion to expand manufacturing capacity and to research ways of lowering the cost of producing silicon solar cells.

This stock is one way to purchase shares in two hot areas right now -- solar energy and China.