'Glut' taking a toll, says SMA Solar

By John Conroy

According to the news service, the company's shares fell to as low as 19. 59 euros of the news, approaching last year's low and a fraction of their all-time high of nearly 107 euros in January 2010. "Over the past years, we've seen a price reduction of more than 10 per cent per year," SMA chief executive Pierre-Pascal Urbon told Reuters.

German inverter maker SMA Solar says a global glut of solar equipment and dwindling subsidies in Europe was driving pricing pressure, as the company said its Q2 widened quarter-on-quarter to $US53. 5 million, its seventh straight quarterly loss, Reuters reports.

Read more here: Business Spectator


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