Suntech (STP +3.1%) is trading higher in the wake of today's warning and guidance cut, The bad...

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

Suntech (STP +3.1%) is trading higher in the wake of today's warning and guidance cut, The bad news was apparently baked in following the latest raft of disappointing earnings reports from Chinese solar names. Nonetheless, Suntech continues to trade below $1, as investors fret over the impact of a $662M fraud allegedly committed by a Suntech-affiliated solar investment firm.