China’s Suntech on its way up despite Q2 loss

Chinese solar equipment maker Suntech Power Holdingstodayreported a loss of $174.9 million despite a 95 percent increase in revenue to $625.1 million in the second quarter of 2010. Still, the company says demand for its products is way up, boding well for the future.

It attributed the loss it incurred to reorganization costs and write-downs. And, for the most part, the results exceeded analysts’ forecasts.