AXA, Morgan Stanley and BofA Support Suntech Power Stock in Quarterly Filing

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Suntech Power Holdings Co. Ltd. (NYSE:STP).

SEC data indicate that these institutions significantly increased their stock shares of Suntech Power Holdings Co. Ltd. in Q3 2011:

AXA: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,574,500 shares, worth $5,947,095.

MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,807,627 shares, worth $4,175,618.

BANK OF AMERICA CORP /DE/: On 06/30/2011, held 0 shares. On 09/30/2011, held 983,055 shares, worth $2,270,857.

QUANTITATIVE INVESTMENT MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 305,600 shares, worth $705,936.

ASHMORE EMM, L.L.C.: On 06/30/2011, held 0 shares. On 09/30/2011, held 300,000 shares, worth $693,000.

About the company: Suntech Power Holdings Company Ltd produces solar cells. The Company designs, develops, manufactures and markets a variety of photovoltaic (PV) cells and modules. Suntech Power is based in China.

Competitors to Watch: SunPower Corporation (NASDAQ:SPWRA), FirstSolar (NASDAQ:FSLR), Trina Solar Limited (NYSE:TSL), General Electric Company (NYSE:GE), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), MEMC Electronic Materials, Inc. (NYSE:WFR), Evergreen Solar, Inc. (NASDAQ:ESLR), Energy Conversion Devices, Inc. (NASDAQ:ENER), DayStar Technologies Inc. (NASDAQ:DSTI), and Ascent Solar Tech., Inc. (NASDAQ:ASTI)

(Note: Data regarding Suntech Power Holdings Co. Ltd.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com