SolarWorld kicked out of Germany’s TecDAX06. March 2013 | Investor news, Industry & Suppliers | By: Sandra Enkhardt
Germany’s stock exchange has reorganized its indices. From the middle of the month, SolarWorld AG will be removed from the TecDAX.
In an announcement on Tuesday, March 5, the stock exchange said that SolarWorld AG would be removed from the TecDAX on March 18. Over the past months, the shares of the Germany-based photovoltaic manufacturer have dropped in value.
In the fall of 2007, SolarWorld reached an absolute high when it hit more than €47 per share. However, in recent times, its shares have fallen into the penny or cent stock region. Currently, they are valued at around €1.20 each.
At the end of January, SolarWorld announced that it will have to undertake massive debt adjustments and business restructuring. It has also separated from long time chief operating officer, Boris Klebensberger. According to a statement from SolarWorld, both sides mutually agreed on the decision.
Consequently, the production sites in the U.S. and Germany’s Freiburg will be represented by Gordon Brinser and Mario Behrendt as divisional directors. Meanwhile, Frank Asbeck will assume overall responsibility of SolarWorld’s business operations.
Translated by Becky Beetz.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 11583 views
- 4194 views
- 3948 views
- 3351 views
- 3273 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!