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SolarWorld Aktiengesellschaft (SRWRF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.28000.0000 (0.00%)
At close: 11:40AM EDT
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  • Á
    Árpád
    If anyone has a clue, please share it...
  • J
    James Bizzle
    I hear they are doing some solar business set ups for bit mining company's .. can anyone confirm? Wouldn't mind taking a gamble if this is true..
  • Á
    Árpád
    What’s happening with the stock? Why is it bullish? Is there a story in it?
  • R
    Rashid
    SolarWorld AG Is Dead — Long Live SolarWorld Industries GmbH
    November 22, 2017 by Ronald Brakels Leave a Comment
    38
    SHARES
    solarworld phoenix
    SolarWorld Descended From Celestial Heights Into A World Of Pain But Rises Anew Like A Phoenix From The Ashes
    Those of you who have German made SolarWorld panels on your roofs or are thinking of getting some, may be wondering about what’s happened with the company since they filed for bankruptcy in May this year.
    Well, SolarWorld AG, consisting of SolarWorld in Europe and its shares in subsidiaries in Africa and Asia — but not the United States — is no more. It went bankrupt and was bought out by a group of investors and brought back from the dead as SolarWorld Industries GmbH.
    Actually, it wasn’t quite dead. While the ability to turn a profit had long since died, the body — or bodies — continued moving. The company was bought as an ongoing concern and never stopped producing panels. This was good for the 515 employees who kept their jobs but not so useful for the 1,200 who got the boot1.
    The good news is SolarWorld has taken on the obligation of supporting the old SolarWorld’s panel warranties. This is not directly relevant to Australian panel owners as SolarWorld doesn’t have an office in this country, which means the importer of the panels is responsible for their warranties. But if the importer is supported by SolarWorld then they are less likely to go bust themselves and still be around in the future.
    An interesting thing about the phoenixing2 of SolarWorld is one of the major investors was the Qatar Foundation which, not surprisingly, is based in Qatar. Its goal is to help the country kick its hydrocarbon habit, which is a very good idea.
    Qatar Foundation Founder
    His Highness Sheikh Hamad Bin Khalifa Al Thani, founder of the Qatar Foundation.
    But what is really interesting is the leader of the merry band of investors who bought out the bankrupt SolarWorld AG and who will be running the joint, was Dr Frank Asbeck — the original founder of SolarWorld and the only CEO its ever had. So maybe things aren’t changing all that much. At least not for the 30% of the workforce that are still employed.
    I can understand if people have reservations about him running the company, since it did go bankrupt, but, looking on the bright side, he has probably figured out what he did wrong the first time around. Judging from his public announcements he believes his mistake was to start the company in a world where competition exists.
    US SolarWorld Is Doing Its Own Thing
    The US SolarWorld subsidiary — SolarWorld Industries Americas — was not part of the buyout and is now a separate US entity. Its assets consists of a solar panel manufacturing plant with 500 megawatts capacity in Oregon, the Dysentery State3. It was put up for sale and may still be available if you’re interested.
    SolarWorld Industries Americas has been a major force in pushing for increased tariffs on solar panels imported into the US, so indirectly they are working to keep the price of solar panels low in Australia, but as far as I am aware, they have no direct business involvement with Australia at all.
    The “Sun King” Frank Asbeck
    Dr Frank Asbeck founded a company in 1988 that became the original SolarWorld 10 years later. He was nicknamed the “Sun King” after French Monarch Louis the 14th, who holds the record of becoming King and then not dying for the longest period of time in European History. (His grandson’s attempt to beat his record was cut short.) The nickname is probably a good one, considering that he bought a castle in 2013 for around 10 million dollars.
    Asbeck Manor
  • Á
    Árpád
    Is SolarWorld still in business, Does it still operate?
  • T
    Tomas
    The world is going to direction to Zero Emissions. Why nobodyis acquiring SolarWorld... Its a bargain now.
    Bullish
  • S
    Steady
    I was thinking the same. I bought asti...a German solar co invested in asti. I think its a safer play if anyone is looking for a cheap entry
  • S
    Steady
    Google crowdex investments,llc
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