Upstream action
US solar equipment: After years metaphorically treading water in a sea of overcapacity, some U.S. PV production equipment suppliers have now begun swimming upstream, but can they find the right stroke in order to reach the financial sanctity of dry land?
Earlier this year, Bob Halliday, Chief Financial Officer at Applied Materials, cited a “neutral market” for PV manufacturing equipment in which the Silicon Valley supplier’s solar division was “treading water” because of “an overhang of excess capacity out there that’s still being eaten up.” In the wake of the global PV industry’s unprecedented industrial expansion …
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