Investment rumors boost SolarWorld stocks


SolarWorld AG is currently wrestling with the restructuring of its financial commitments and is in negotiation with the banks. Today, April 2, however, the company’s stock received a short-term boost amid rumors that a three-digit million investment from Qatar could be on the cards.

On the back of the news, stocks rose to €0.923 per share, up from €0.862 at the start of the day. Although they dropped shortly afterwards, they were still in positive territory at midday.

In 2010, SolarWorld signed an agreement with Qatar to build a silicon factory in the desert state. The cost of the plant, with a planned annual production capacity of 8,000 tons, is expected to be around €1 billion, according to Germany’s "Der Aktionär".

It is not however clear how much SolarWorld will invest in the plant, and if it can even stump up the finances, given its current financial position. It is also conceivable, continues Der Aktionär, that the financial help is only to do with increasing investment at the joint factory, which would not solve SolarWorld’s problems. And, a direct involvement in the photovoltaic company by Qatar is unlikely.

SolarWorld has failed to respond to the speculation. Due to ongoing discussions with its creditors, the company postponed the publication of its 2012 financial figures. Görg law firm and Houlihan Lokey investment bank were brought in to help with the restructuring plan. Just days before, its removal from the TecDAX, Germany’s stock exchange, was announced.

Translated by Becky Beetz.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.