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NEW YORK ( TheStreet) -- Suntech Power Holdings (NYSE: STP) hit a new 52-week low Thursday as it is currently trading at $1.66, below its previous 52-week low of $1.67 with 1.6 million shares traded as of 3:59 p.m. ET. Average volume has been 2.1 million shares over the past 30 days. Suntech has a market cap of $333.3 million and is part of the technology sector and electronics industry. Shares are down 16.7% year to date as of the close of trading on Wednesday. Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products.