PV Supplier REC Lays Off 500 Amidst Falling Revenues
Eric Wesoff: May 27, 2011
Check yourself before you REC yourself.
Check yourself before you REC yourself.
$877 million in revenue, 19% GM, 2011 shipment guidance of 2.2 GW. Profit up, but forecast cut hits shares.
“Really disruptive materials science”
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A bit of good American manufacturing news in a gloomy solar quarter.
Q1 financials announced. Conference call canceled. What’s next for the struggling PV module vendor? “Restructuring” ahead.
Revenue shortfall on Italian market uncertainty; U.S, biggest market in Q1.
Revenues plunge 70 percent; 20 percent of workforce to be laid off. Ouch.
Technology trends, competitive dynamics, top producers, and the outlook for 2011.
New microinverter from Power-One, new funding for Enecsys, new rumor from SMA
Efficiency up to 11.7 percent, as are other metrics. Sales down slightly. Gross margin down 2.9 percent to 45.8 percent.
The semiconductor equipment giant makes a big move with impact in the solar manufacturing world.
Five- to ten-megawatt CSP plants, pre-assembled and containerized might drive down the cost of this technology.
Concentrating photovoltaics are actually starting to generate megawatts of energy in 2011.
A CIGS photovoltaic panel player rebounds after some setbacks.