Germany’s largest solar manufacturer Q-Cells (QCE.DE) is attempting a turnaround afer losing EUR 1.4 billion last year.
The company would do well to follow the footsteps of chipmaker Infineon (IFX.DE), according to a Reuters story. The German company is currently the fourth-largest producer of memory chips. But its stock price plummeted to the penny-stock level as a result of the dotcom bust and downward price pressure.
Q-Cells has seen its share price drop from a high of around EUR 103 in 2007 to about EUR 6 today. The company has cut a fifth of its workers and sold off stakes in side ventures in an effort to streamline operations.
Credit Suisse analyst Karsten Iltgen says the company now must raise capital in order to maintain its market share.
Read the full story at the link below.
Loading...