CEO says Conergy not on the Ropes

CEO says Conergy will not be the next solar company to go bankrupt

03.04.2012: As reported by Bloomberg, Philip Comberg, the CEO of Germany-based module maker Conergy AG, said that his company is not on the verge of bankruptcy. According to the article, Comberg said that he's expecting a positive net cash flow for the first quarter and that he's confident for 2012, despite the difficulties facing the solar market. On March 29, Conergy released its financial results for the fiscal year 2011, reporting a net loss of €162 million ($216 million) and negative earnings before interest and taxation (EBIT) of €183 million ($244 million)… Source: Bloomberg; summary: PHOTON http://www.bloomberg.com http://www.bloomberg.com/news/2012-04-03/conergy-chief-confident-won-t -join-rising-solar-bankruptcies.html

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com