Declining prices forces SMA to lower 2018 forecasts, announce structural changes
Citing the market downturn in China, which has resulted in “enormous excess capacity”, rapidly declining prices and postponed projects, SMA Technology AG has lowered its 2018 sales and earning guidance, and expects a break-even or negative EBITDA. It has also announced structural changes.
China’s PV policy change led to Daqo’s wafer exit
The 31/5 PV policy change in China led to Daqo New Energy Corp.’s exit from the wafer manufacturing business. Around 450 employees are set to be made redundant.
