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Suntech (STP +4.7%) moves higher following a report banks in the company's home town of Wuxi...
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Friday, September 28, 2012, 10:06 AM ETSuntech (STP +4.7%) moves higher following a report banks in the company's home town of Wuxi have extended $31.7M in in new loans. But shares are still trading at a mere $0.90 in the wake of a fraud scandal involving an affiliated investment firm. Separately, the Chinese government is taking another step to prop up its solar industry (previous), asking provinces to deliver plans for increasing solar's share of local power output.
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