SolarWorld on shaky ground

| Print |  Email
Must Reads
Monday, August 27, 2012

SolarWorld's revenues and employment are sliding, industry analysts say.

Most troubling, several industry analysts say SolarWorld's technology no longer justifies its higher panel prices. Some question whether the company can survive.

"The reality is, this company has nothing to offer the American consumer that a Chinese company does not," said Jesse Pichel, an analyst with Jefferies Group Inc., in one of the gloomier assessments.

At risk are hundreds of local jobs and millions of dollars in taxpayer investments. The company's precarious position also calls into question the wisdom of those investments, the bulk of which were extended to SolarWorld by state officials in the form of tax credits. Oregonians are already on the hook to forgo $57 million in tax revenues over the next five years to help SolarWorld's bottom line, and that figure is on track to nearly double by the end of the decade.

Read more at OregonLive.com.

{biztweet}solarworld{/biztweet}

 

Comments   

 
Guest
+1 #1 What a shock!Guest 2012-08-27 21:07:24
Wow, another "Green Jobs" producer from the investiment of taxpayer's money via the bank of the government. What a surprise? How soon before people wake up and realize government isn't really good at picking winners when it comes to business???
Quote | Report to administrator
 
 
Guest
0 #2 PresidentGuest 2012-08-28 16:22:16
Yes and they still don't learn, they don't know enough to run anything, so they try running everything!
Quote | Report to administrator
 

More Articles

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

The short list: 5 companies making a mint off kale

The Latest
Thursday, November 20, 2014
kale-thumbnailBY OB STAFF

Farmers, grocery stores and food processors cash in on kale.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS