Jiangsu-based Suntech Power Holdings, China's leading solar panel maker, has slightly lifted prices for panels in the US, after punitive tariffs imposed last month on panel imports from China weakened competitors.

Suntech, which is also affected by the tariffs, has been able to cope better with the situation than many of its Chinese peers, mainly due to its global supply network, said the company's Chief Commercial Officer Andrew Beebe.

The company raised prices in the US by a modest 1-2 percent, according to Beebe.