Last $18.13 USD
Change Today 0.00 / 0.00%
Volume 0.0
SRWRF On Other Exchanges
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As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

solarworld ag (SRWRF) Snapshot

Open
$18.13
Previous Close
$18.13
Day High
$18.13
Day Low
$18.13
52 Week High
10/1/13 - $199.50
52 Week Low
01/27/14 - $0.51
Market Cap
270.1M
Average Volume 10 Days
34.4
EPS TTM
--
Shares Outstanding
14.9M
EX-Date
06/2/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARWORLD AG (SRWRF)

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solarworld ag (SRWRF) Details

SolarWorld Aktiengesellschaft produces and sells solar modules and complete solar power solutions for on-grid and off-grid applications worldwide. The company operates through Production Germany, Production U.S., and Trade segments. It offers Sunmodule Plus and Sunmodule Plus black solar modules; Sunmodule Protect solar panels; Sunmodule Plus SW 200 Vario poly modules; and Sunmodule Off-Grid solar modules. The company also provides SolarWorld Kits for roof installations; SolarWorld Kit easy, which comprises components required for constructing and operating a solar power system; Sundeck, a roof-integrated solution suitable for pitched roofs; and SunCarport, a solar roof for protection of cars from weather conditions. In addition, it offers mounting systems comprising Sunfix Plus, a support structure for pitched and flat roofs, as well as for ground-mounted installations; Sunfix aero, a flat roof system; and Suntub, a mounting system. Further, the company provides accessories, including SunPac 2.0, a battery system for homemade power; Suntrol, an output monitoring system that monitors the system data online; Suntool, a design software for architects, installers, planners, and wholesale traders; Sunpass, which helps in documentation of data on solar arrays; inverters; and SunCharger that is a power supply, replacement battery, and solar charger. Additionally, it offers investors development and operation services for large-scale solar power plants. The company sells its products through a distribution network to private and commercial end customers. SolarWorld Aktiengesellschaft was founded in 1988 and is headquartered in Bonn, Germany.

2,073 Employees
Last Reported Date: 03/1/14
Founded in 1988

solarworld ag (SRWRF) Top Compensated Officers

Founder, Chairman of Management Board and Chi...
Total Annual Compensation: €240.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €305.5K
Chief Information, Brand & Personnel Officer ...
Total Annual Compensation: €240.0K
Chief Sales Officer and Member of Management ...
Total Annual Compensation: €294.8K
Compensation as of Fiscal Year 2013.

solarworld ag (SRWRF) Key Developments

SolarWorld Produces 280-Watt, 60-Cell Sunmodule(TM) Solar Panels at Commercial Volume

SolarWorld is producing 280-watt-peak, 60-cell Sunmodule solar panels at unprecedented commercial volumes. This achievement again demonstrates SolarWorld's solar-industry technology leadership and represents an important step along SolarWorld's fast-escalating course toward manufacturing a 300-watt, 60-cell panel. SolarWorld is producing 280-watt-peak, 60-cell Sunmodule solar panels at unprecedented commercial volumes. Volume production of American-made 280-watt modules stems from investments of tens of millions of dollars in technological and production innovations in the company's Oregon factory, even amid the manufacturing industry's ongoing distress. Beginning in the second half of 2014, SolarWorld expects 280-watt solar panels to represent the majority of production at its U.S. manufacturing headquarters. The 280-watt mono-crystalline Sunmodule taps advanced light-capture and energy-conversion technologies to achieve power density in a 60-cell format. The panel is about 10% more efficient than industry-standard 250-watt 60-cell panels, enabling installation savings of about 10 cents a watt in labor and balance-of-systems costs. In fact, SolarWorld's 280-watt 60-cell solar panel offers nearly the same power as competitors' 72-cell panels, which typically range from 280 to 300 watts peak, but with a 15% savings in system footprint.

SolarWorld AG Announces Election of Five New Members of the Supervisory Board

SolarWorld AG announced that at the first Annual General Meeting held on May 30, 2014, the company approved election of five new Supervisory Board members. New Supervisory Board members are Dr. Khalid K. Al Hajri, Faisal M. Alsuwaidi, Heiner Eicherm Oller, Dr. Andreas Pleoke and Jürgen Wild.

SolarWorld AG Announces Preliminary Financial Results of First Quarter of 2014

SolarWorld AG announced preliminary financial results of first quarter of 2014. In spite of this increase, the consolidated revenue went down to EUR 99.4 million against EUR 112.2 million for the same period of last year. The reduction of revenues can mainly be attributed to one-off effects from the sale of two large-scale projects with high revenues in the first quarter of 2013 as well as the price reduction in the international solar market. Consolidated EBITDA improved in the first quarter 2014 by EUR 159.2 million to EUR 137.2 million against LBITDA of EUR 22.0 million for the same period of last year. This includes preliminarily calculated earnings from the initial accounting of production lines and further assets acquired from Bosch Solar Energy AG amounting to EUR 135.6 million. Adjusted for this one-off, EBITDA reached EUR 1.6 million. Consolidated earnings before interest and taxes rose in the first three months 2014 to EUR 127.4 million against loss of EUR 32.3 million for the same period of last year. Adjusted for the one-off from the acquisition mentioned above, LBIT amounted to EUR 8.2 million. Consolidated financial earnings were strongly influenced by the successful completion of the financial restructuring in the first quarter 2014 and included profits from the restructuring of EUR 555.7 million. Consolidated result after tax increased by EUR 594.2 million to EUR 550.1 million against loss of EUR 44.1 million for the same period of last year.

 

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SRWRF Competitors

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Company Last Change
Comtec Solar Systems Group Ltd $1.30 HKD 0.00
JA Solar Holdings Co Ltd $9.80 USD +0.134
Motech Industries Inc 41.80 TWD -1.95
Real Goods Solar Inc $2.41 USD -0.092
Solon SE €0.02 EUR +0.003
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