Suntech Power (STP -2.9%), which is able to limit the impact of U.S. import tariffs on Chinese...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

Suntech Power (STP -2.9%), which is able to limit the impact of U.S. import tariffs on Chinese solar modules thanks to its domestic ops, says it raised prices by 1%-2% as many Chinese peer dropped out of the market. The company adds it expects its U.S. production costs to fall 10%-15% between now and the end of the year. While Euro solar demand has weakened, U.S. demand has remained strong, though that hasn't done much yet to create a bottom for plunging solar module prices.