STR Holdings Inc.: Large Buyback And Improved Results Going Forward
- On March 7, 2014, the Company announced that it had purchased 15.6 million shares of common stock at $1.54/share to end with 26.3 million total outstanding shares.
- On January 21, 2014, the Company announced a new contract manufacturing agreement with a Chinese solar encapsulant manufacturer FeiYu to meet increased demand from several top-tier solar module manufacturers.
- FeiYu commenced manufacturing in early January with production expected to increase "steadily over the next several months." The Company expects steadily improving top and bottom line results going forward.