- Guides Q4 Rev $345-360M v $614.8Me (The sequential decline in revenues primarily reflects the depreciation of the Euro versus the U.S. dollar, the deferment of some customer orders due to delays in project financing and the seasonality impact due to winter in Northern Europe)

- Guides FY08 Rev $1.85-1.87B v $2.11Be ($2.05B-$2.15B prior guidance)
- Guides FY08 PV product shipment lower at 490MW v 550MW prior guidance
- Guides FY09 shipments 800MW
- Guides FY09 PV cell production capacity 1GW, in line with FY08
- Guides FY09 CAPEX $80M v $300M y/y

- Q3 PV cell production capacity 750MW
- Q3 GMs 21.6% v 20.7% y/y

- CEO: The rapid weakening of the Euro relative to the USD over the past two months combined with the unstable credit markets has created a challenging environment in the fourth quarter of 2008. This has resulted in a faster than expected sequential decline in sales prices and the deferment of some customer orders, which will significantly impact our profitability in the fourth quarter of 2008.

Other headlines for [STP]

• STP Yesterday 08:00am
  Suntech Power Holdings Achieves 1GW solar cell and module production capacity- Also announced the opening of its new headquarters in Wuxi, China that incorporates a 1MW grid-connected building integrated solar facade, more...
  
• LDK 1/5/2009 04:31pm
  LDK Solar Co LTD ADR Cuts forecast, sees Q4 R $425-435M v $540Me ($555-565M prior), FY09 R $2.3-2.5B v $2.6Be- Guides Gross margins at 10-13% (18-21% prior) - Cuts wafer shipments due to customer delays in light of more...
  
• JASO 12/10/2008 03:44pm
  JA Solar Holdings Guides Q4 $0.00 v $0.06e, R$124M v $231.3Me (R$191.5M-$221M prior), Gross margins at 5-7%- 2008 production guidance at 250-260MW v 310MW prior - The nameplate annual production guidance remains at more...
  
• 12/10/2008 07:54am
  Friedman Billings makes cautious comments on Solar PV firms noting excess inventory in market- Notes that while current financial crisis had impact on firms Q3 results, an apperant growth in supply more...
  
• STP 12/9/2008 09:00am
  Suntech Power Holdings Signs solar roof tile licensing Deal with Open Energy - Open Energy granted Suntech an exclusive license of the intellectual property incorporated into its solar roof tile product and any similar or more...
  

Energy sector headlines

• CMZ Today 05:40pm
  Compton Petroleum Names Tim Granger President/CEO
  
• ASTI Today 05:32pm
  Ascent Solar Technologies Files $150M mixed securities shelf (180% of market cap)
  
• OII Today 04:13pm
  Oceaneering International Guides ROV fleet utilization in mid- to high 80% range, 2008 earnings +10% y/y - filing- Expects ROV fleet utilization rate during the 4th quarter of 2008 will be in the mid to high 80% range, and more...
  
• PCX Today 04:05pm
  Patriot Coal, Inc. To cut jobs, implements prior plans to close Jupiter mine, citing market conditions- The Company announced on September 29, 2008, its intention to idle the Jupiter thermal coal facility. - In more...
  
• TMR Today 02:02pm
  Meridian Resource Corp. Names Chairman Paul Ching interim CEO