STR Holdings, Inc. is considering multiple strategic alternatives. STR has hired UBS Investment Bank to act as its financial adviser to help review strategic alternatives. STR said it will cease manufacturing operations at its East Windsor, Connecticut facility by the end of the first quarter, resulting in significant restructuring charges in 2013.

STR will also make significant headcount reductions throughout the company. STR's shares fell 22% to $2.40 on January 22, 2013.