Wednesday, July 4, 2007
Polysilicon Shortage Exerts Pressure on China Sunergy
Shares of China Sunergy Co., Ltd. (Nasdaq: CSUN) tumbled 19.26% or $2.69 to $11.28 in Tuesday (June 3) trading after the specialized solar cell manufacturer announced before the opening bell that it continued to experience tight polysilicon supplies in China's solar market in the second quarter ended June 30, 2007. This bring's CSUN's share price back nearly to its IPO price of $11 after hitting a peak of $16.70 shortly after it went public in May. Read this Forbes report.