First Solar (FSLR) We have been bearish on First Solar for some time as we felt that the company’s thin film technology is no longer competitive with silicon panels made by giant Chinese solar factories. The company remains profitable thanks to the DOE funded huge solar farms in USA. Without these farms First Solar would […]
Suntech Debt Default Suntech (STP) which is one of the worst managed solar companies in the industry has been going through tumultuous times after it got entangled in a multi-million dollar fraud and firing its chairman and founder Zhengrong shi. The company now has defaulted on $541 million convertible debt, which came up for redemption […]
Polysilicon Prices The prices of polysilicon have gone up a bit in the last few months as poly producers have sharply reduced utilization to 50% or lower. With prices at $15/kg and costs of $30/kg, many of the smaller poly producers have just shut shop and left the industry. However the bigger players which account […]
After Solyndra, it is SoloPower The bankruptcy of solar thin film company Solyndra was one of the most dramatic debacles in the current solar downturn. The company which had raised over a billion dollars from government and private sources went kaput one fine day. Solyndra was a massive blot in the DOE’s track record of […]
Suntech, China The world’s largest solar panel company in 2011 now faces possible closure as it does not have money to pay the convertible bond due in March 2013. Suntech has been one of the worst managed solar companies despite its initial advantage and size. The company has made numerous mistakes over the years. The […]
Aerospace and Defense Sector In times of economic uncertainty, an accurate risk assessment becomes very important for companies to succeed and likewise proper implementation of financial policy is also important as it ensures the judicious use of cash. The Aerospace and Defense sector faces particular challenges that differentiate it from the rest of the economy. […]