Swiss - Delayed Quote CHF

Meyer Burger Technology AG (MBTN.SW)

1.9220

-0.3480

(-15.33%)

At close: January 22 at 5:31:42 PM GMT+1

Meyer Burger halts solar plant in Colorado, plans restructuring

ZURICH (Reuters) -Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower than previously expected. "Meyer Burger Technology AG announced today that the planned construction of a solar cell production facility in Colorado Springs, Colorado, USA, is no longer financially viable for the company due to recent developments and that the project will therefore be discontinued," the firm said in a statement. The firm said its board of directors had asked management to draw up a "comprehensive restructuring and cost-cutting program" and that board member Mark Kerekes was stepping down.

Reuters 4 months ago

MYBUF
Meyer Burger Technology Full Year 2023 Earnings: Misses Expectations

Meyer Burger Technology ( VTX:MBTN ) Full Year 2023 Results Key Financial Results Revenue: CHF135.0m (down 8.3% from FY...

Simply Wall St. 10 months ago

MBTN.SW
-15.33%
Meyer Burger Technology (VTX:MBTN investor five-year losses grow to 87% as the stock sheds CHF23m this past week

Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...

Simply Wall St. 10 months ago

MBTN.SW
-15.33%

Performance Overview

Return	MBTN.SW	MSCI WORLD
YTD	-12.95%	+3.23%
1-Year	-93.32%	0.00%
3-Year	-97.79%	+26.90%