There is capacity destruction and red ink in almost every panel producer in the world this quarter. Expect price declines to slow considerably.
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15.05.2012: German solar module maker Conergy AG narrowed its net loss in the first quarter of 2012 despite a considerable drop in revenue. Revenue in the most recent quarter amounted to €98 million ($126 million), compared to €163 million in the first quarter of 2011. Meanwhile, net loss fell to €15 million from a loss of €22 million in the first quarter of last year. Conergy attributed the reduced net loss to the company's strategic realignment as a system supplier and the restructuring measures it implemented in 2011. The company is cautiously optimistic about the second quarter after a relatively strong start; however, Conergy expects sales for 2012 to be lower year-on-year. The company did not address rumors that a Chinese company is interested in acquiring a large stake in Conergy. … Source: Conergy AG; Summary: PHOTON http://www.conergy-group.com http://www.conergy-group.com/en/desktopdefault.aspx/tabid-39/57_read-2452/ The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/65080.pdf |
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Monty Bannerman
ArcStar Energy
646.402.5076
www.arcstarenergy.com
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