Meyer Burger is fighting for survival: financing shortage and impending bankruptcy!

Meyer Burger is fighting for survival: financing shortage and impending bankruptcy!

Goodyear, USA - What is currently going on at Meyer Burger? The Swiss solar module manufacturer currently has anything but easy. Targeted extension of the deadline for the overdue annual report 2024 are pending, and you are eagerly awaiting how the situation will develop. The Swiss Börse SIX currently offers a deadline until the end of August to master the administrative challenges, while in the background it is worked on a comprehensive restructuring. As Express stock exchange, partial sales of company companies seem to be a possible solution, but these decisions could influence the balance sheet and a large shade on the future throw.

The crisis of Meyer Burger is not an isolated case, but part of a major problem in the solar industry. Finance magazine emphasizes that the company is fighting with a highly double-digit million-finishing gap. Last September, the planned solar cell production in Colorado Springs was stopped due to the lack of third -party financing, which resulted in additional losses in the initial investments. The module plant in Goodyear is also waiting for further investments that are urgently needed.

In the meantime, Meyer Burger has commissioned the restructuring consultancy FTI Andersch to create a renovation report that is intended to certify the company's ability to restructure and to be paid for external liabilities. However, their success depends on whether the financing gap can be closed. With a total debt of 545.6 million euros, time remains a critical factor, and there is no guarantee that the conditions for the company and its shareholders are advantageous.

industry in upheaval

All of these developments happen against the background of a tense situation in the entire solar and PV industry. As fr.de reported, the 2024 sector experienced a clear market decline after a previous boom. There was a slump in demand for photovoltaic systems, and over two thirds of the installers reported declining orders. Chinese manufacturers are more represented in the market with their cheaper products, which resulted in the drop in price at solar modules.

The uncertainties in the industry are noticeable. Companies such as Zolar and Self -Suns have already skidded and, in the worst case, have had to register bankruptcy. But despite all the challenges, a sparkling glimmer of hope remains. Industry experts are optimistic that the market will recover in the medium term, even if the return to the growth rates of 2022 and 2023 is not to be expected.

Meyer Burger remains under an enormous pressure to overcome the liquidity crisis and to find the street from the corporate crisis. A solid strategy and determined action are now required to secure the future of the company and the entire market for renewable energies.