Shares of Chinese solar energy power company Suntech Power ended up 6% on Thursday on news of an increase in demand despite a drop in quarterly earnings, AP reported. Suntech expects shipments to grow by 75% next year. The Wuxi-based company announced plans this week to establish a new US headquarters and manufacturing plant in Phoenix. Its reported third-quarter net income at US$29.8 million or 16 cents per share, down from US$42.6 million or 25 cents per share a year ago. Revenue fell 20% to US$473.1 million, but still beat analysts’ predictions of a profit of 8 cents per share on sales of $426.6 million.
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