emarine wrote:
Check this out if you're too lazy to do your own leg work...
http://en.wikipedia.org/wiki/SunPower SunPower Corporation
Type
Public
Traded as
NASDAQ: SPWR
Russell 1000 Component
Industry
Solar Energy
Founded
1985
Founder
Richard Swanson
Headquarters
San Jose, California, U.S.
Key people
Thomas H. Werner (CEO)
Products
Solar panels
Revenue
US$ 1,576,470,000 (2016)
Operating income
US$ -206,290,000 (2016)
Net income
US$ -187,020,000 (2016)
Total assets
US$ 4,856,990,000 (2016)
Total equity
US$ 1,449,150,000 (2016)
Number of employees
8,902 (December 2016)
Parent
Total S.A. (66%)
Website
sunpower.co
Check this out if you're too lazy to do your own l... (
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But others are dropping like flies, most blaming the stiff competition of China who pledged to be the number one solar producer years ago but can’t invest the funds to fix their own countries CO 2 emissions or the heavy pollution they have and have had forever..
How about the ongoing “price erosion and the development of the business” that has left the company “over-indebted and thus obliged to file for insolvency proceedings,” SolarWorld, which is also the largest U.S. solar panel maker, said in a statement.
The filing comes after SolarWorld was forced to lay off employees earlier this year. The company employs around 3,000 people, including 800 in Hillsboro, Oregon, and was one of the few German-based solar companies to survive a recent market downturn.
The ongoing price erosion and the development of the business” has left the company “over-indebted and thus obliged to file for insolvency proceedings,” SolarWorld, which is also the largest U.S. solar panel maker, said in a statement.
The filing comes after SolarWorld was forced to lay off employees earlier this year. The company employs around 3,000 people, including 800 in Hillsboro, Oregon, and was one of the few German-based solar companies to survive a recent market downturn.
SolarWorld is only the latest bankrupt solar company to blame the Chinese. U.S.-based Suniva Inc. filed for bankruptcy in April, also citing stiff competition from Chinese solar panel makers.
Suniva even asked the Trump administration to increase tariffs against Chinese solar panel imports. SolarWorld backed the call, saying China has found ways to circumvent current tariffs......
Remember Abound?? They filed after Solyndra, Just couldn’t keep up and solar subsidies were drying up, government or private..
Then a major California-based solar company Sungevity declared Chapter 11 bankruptcy back in March..
Sungevity was laying off workers, auctioning off some assets, and agreeing to hand over control investors in exchange for $20 million in financing to keep the company’s operations going.
Sungevity was one of seven residential solar power companies, which Congress announced in September it would formally investigate for wrongfully receiving billions in tax credits from the government. The federal government likely handed out roughly $25 billion in cash grants and tax credits to these companies.
Or how about another solar company called Beamreach that went bust in January after it received $3 million in Department of Energy funding in 2008. The major solar company SunEdison also recently declared bankruptcy. Roughly five major solar companies closed up shop in 2015, which follows the historic tendency that solar power companies tend to go bankrupt as soon as the subsidies are cut off.
Either way we see many have gone down with lots money going with them...
It’s a gamble any way you look at it and who owns which company, backed by whom, just goes to show us how crooked these people are..