Thursday, January 12, 2012
SoloPower and SolarWorld were named among six companies likely to struggle in 2012.
Matt Feinstein, an analyst with Lux Research, wrote an article for PV magazine and identified the solar companies he sees as most likely to hit rough waters financially in the year to come. In addition to SoloPower, which is outfitting a $340 million production facility in North Portland and expect to start hiring soon, and SolarWorld, which run North America's largest solar manufacturing facility in Hillsboro, Feinstein identified Nanosolar, Abound, Oerlikon and Suntech Power among those to keep a wary eye on.
Feinstein's concern with SoloPower, which has been successful in fundraising and closed a $20 million round of convertible debt in December, is that its technology, which puts solar cells on flexible substrates, is a niche market at best.
Read more at Sustainable Business Oregon.