"The performance of our renewables business drove our lower than expected second quarter revenue, while our thin film business performed in-line with our expectations. Our results were primarily impacted by changing solar market conditions driven by panel price declines, short lead-times for components, and permitting and financing delays. These trends are causing some customers to push-out purchases until panel prices stabilize, leading to the postponement of construction of their projects. Additionally, changing incentive programs in certain regions, coupled with increasing competition, affected the quarter and continue to be ongoing industry dynamics. While we are disappointed in our renewables results this quarter, our recently-announced large project wins reinforce our confidence in our strategy of selling based on LCOE (levelized cost of energy), which we believe will continue to differentiate us from our competitors," said Dr. Hans Betz, chief executive officer.
http://bit.ly/o72qRf
Thursday, August 18, 2011
Advanced Energy Revises Its Outlook for the Second Quarter of 2011
See this Amp at http://amplify.com/u/a1bg3f
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