Last $18.10 USD
Change Today +1.65 / 10.03%
Volume 100.0
SRWRF On Other Exchanges
Symbol
Exchange
Xetra
OTC US
OTC US
As of 9:44 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

solarworld ag (SRWRF) Snapshot

Open
$18.10
Previous Close
$16.45
Day High
$18.10
Day Low
$18.10
52 Week High
10/1/13 - $199.50
52 Week Low
01/27/14 - $0.51
Market Cap
269.6M
Average Volume 10 Days
56.3
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.

2,730 Employees
Last Reported Date: 08/14/14
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 AG Reports Consolidated Earnings Results for the First Half of 2014; Provides Earnings Guidance for the Year 2014 and 2015

SolarWorld AG reported consolidated earnings results for the first half of 2014. For the period, company reported consolidated revenue, which rose by 13% to EUR 228 million against EUR 201 million a year ago.EBITDA improved in the first half of 2014 to EUR 101 million. This result included a one-time, non-cash impairment of EUR 36 million, which resulted from the agreement with a raw-material supplier, as well as one-offs from financial restructuring and initial consolidation of assets taken over from Bosch Solar Energy AG. Adjusted for these one-offs mentioned above, EBITDA rose to EUR 1 million against LBITDA of EUR 37 million a year ago. Consolidated EBIT increased to EUR 81 million against LBIT of 59 million a year ago. Adjusted LBIT was EUR 19 million. SolarWorld AG will exceed its shipment target for 2014, the company probably will not reach its revenue target of more than EUR 680 million in light of the shift in product mix and price reductions in the solar market. For 2014, SolarWorld AG expects a positive EBITDA adjusted and the recognized impairment losses including all SolarWorld expects a positive consolidated result for the year in a three digit million euro amount. For 2015, SolarWorld AG confirms its forecast that it will be able to achieve a positive operating result.

SolarWorld AG Reports Preliminary Consolidated Earnings Results for the First Half of 2014; Provides Earnings Guidance for the Year 2014 and 2015

SolarWorld AG reported preliminary consolidated earnings results for the first half of 2014. The company reported due to its strong module business, the company was able to increase group revenues in the first half of 2014 by 13% to EUR 228 million. The company reported revenue of EUR 201 million in the year 2013. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved in the first half of 2014 to EUR 101 million. This includes a one-off, non-cash impairment of EUR 36 million, which results from an agreement with raw-material suppliers, as well as one-offs from the financial restructuring and the initial consolidation of assets that were taken over from Bosch Solar Energy AG. Adjusted for all one-offs mentioned above, EBITDA rose to EUR 1 million. The company reported EBITDA loss of EUR 37 million in the year 2013. Consolidated earnings before interest and taxes (EBIT) increased in the first half of 2014 to EUR 81 million. Also adjusted for the one-offs mentioned above, EBIT amounted to EUR 19 million. The company reported LBIT of EUR 59 million in the year 2013. Excluding the one-offs and the impairment, the company expects to reach a positive EBITDA. Including the one-offs, all in all expects a positive result of a three-digit million Euro amount in 2014. The company confirmed its forecast for 2015 to be able to reach a positive operating result again.

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.

 

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SRWRF Competitors

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Company Last Change
Comtec Solar Systems Group Ltd $1.40 HKD -0.09
JA Solar Holdings Co Ltd $9.22 USD -0.03
Motech Industries Inc 40.50 TWD -0.50
Real Goods Solar Inc $1.53 USD -0.02
Solon SE €0.01 EUR -0.001
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Industry Analysis

SRWRF

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Valuation SRWRF Industry Range
Price/Earnings 0.3x Not meaningful
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 0.5x
TEV/Sales NM Not Meaningful
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