Home Must Reads SolarWorld on shaky ground

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

The 2014 List: The Top 33 Large Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...

Spring thaw

News
Thursday, April 17, 2014
Spring ThawBY JASON NORRIS | OB BLOGGER

The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.


Read more...

Tech makes the world go round

Contributed Blogs
Thursday, March 20, 2014
03.20.14 thumb internetBY JASON NORRIS | GUEST BLOGGER

I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.


Read more...

Closing the gap: Community colleges and workforce training

News
Thursday, March 27, 2014
03.27.14 thumb collegeBY MARY SPILDE | OP-ED CONTRIBUTOR

Community college career, technical and workforce programs present an opportunity to bring business and education together as never before.


Read more...

Branching out

March 2014
Tuesday, February 25, 2014
DSC04185BY LINDA BAKER

A blueberry bush is a blueberry bush — except when it’s a blueberry tree.


Read more...

Speeding up science

News
Tuesday, February 25, 2014
02.25.14 Thumbnail MedwasteBY JOE ROJAS-BURKE | OB BLOGGER

The medical research enterprise wastes tens of billions of dollars a year on irrelevant studies. It’s time to fix it.


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