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 clean fuels opportunity

News
Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

Election Season

November/December 2014
Wednesday, October 22, 2014

We didn’t intend this issue to have an election season theme. But politics has a way of seeping into the cracks and fissures.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


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