- STR Holdings (OTCPK:STRI +10.1%) shares climb after the company inks a contract manufacturing agreement with Chinese solar encapsulant producer FeiYu due to "increased demand for STR's products from top tier solar module manufacturers in China."
- FeiYu commenced manufacturing in early Jan., with production expected to increase "steadily over the next several months."
- STR is also in the process of renovating its production facility in Suzhou, which it expects to commence operations in Q2. To accommodate anticipated demand, STR is in negotiations to enter further strategic manufacturing deals.