Q-Cells (ETR:QCE) is a German company that develops and produces solar cells made of monocrystalline and multicrystalline silicon. The company is with its approximately 1700 employees the biggest solar cell producer worldwide. Thus the “catastrophic” result of the company is of interest for every green investor interested in solar energy stocks.
Today the stock has lost already more than 12%, after the company announced it would likely post a loss for the second quarter. The global weak development in photovoltaic prices has hurt the sales, and the company expects a loss of EUR62 million in earnings before interest and tax. Furthermore, the company does not see the future in a brighter light.
Several analysts quoted by Handelsblatt and Wall Street Journal have commented the result as catastrophic and as a loss of credibility of Anton Milner, who is the company’s chairman of the executive board. Only a few days ago, Milner gave an interview for the German Wirtschaftswoche where he gave a completely different view of the company’s future.