The
stock
closed
at
$1.53
at
the
end
of
2012.
An
NYSE
spokesman
confirms
that
the
bourse
sent
a
letter
on
8
January
to
the
Chinese
solar
panel
giant
stating
that
it
was
now
in
compliance,
having
maintained
the
$1
minumum
to
31
December.
Shares
on
Monday
this
week
closed
down
5.4%
to
$1.75.
Suntech’s
52-week
high
was
$4.40
and
its
52-week
low
$0.71.
Late
last
year,
Suntech
announced
that
it
was
reducing
three
production
shifts
to
one
and
cutting
the
workforce
at
its
factory
in
Goodyear,
Arizona.
It
blamed
the
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