Featured in #EpicFail – 07-2015

Hanergy: Solar’s Apple or Enron?

Thin film: Hanergy burst on to the solar scene and quickly became one of the most intriguing and, in some ways, exciting companies. But the recent plummeting of its share value is one of the many warning signs about the mysterious thin film maker that once had aspirations to be the Apple of the solar industry.
By
pv magazine

On May 20, Hanergy Thin Film’s stock price imploded (566:HK). Traded on the Hong Kong Stock Exchange, the company had reached precipitous highs of HK$7.88/share (US$1.02/share) in April, only to spectacularly crash to HK$3.91 (US$0.50) less than a month later. In one frenetic 24 minute bout of trading, US$18.6 billion was unceremoniously wiped from the …

pv magazine
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