The spark at Meyer Burger doesn’t want to jump over

For years, the Thun-based industrial company Meyer Burger made almost only negative headlines – one downsizing followed the next. But the tonality has changed for a year and a half. The company tries under new management to spread a decidedly positive story. This fits in with the announcement that over 500 “qualified production jobs” are to be created in the American state of Arizona: Listen, we are no longer the company that puts people on the street, but one that provides employment.

The news about the construction of the new plant in the USA follows announcements in East Germany, where Meyer Burger has also moved into two new locations. The company is convinced that it has found a new reason for existence as a manufacturer of solar modules. As is well known, it said goodbye to its previous activity as a system manufacturer in the service of the solar industry in mid-2020.

The announcement of the transformation initially sparked confidence among investors for a long time. Finally it worked with him Share price from Meyer Burger upwards again. But in the past six months the momentum has evaporated. The price has fallen by around 30% to just under 40 cents. Analysts at the major bank Credit Suisse recognize a need for further correction and recommend the securities for sale with a price target of Rp. 28.

There are several reasons for not joining the relaxed mood of the Meyer Burger leadership. One concerns homemade problems at the main German production site in Freiberg, which is taking more time to set up than expected. An industry-wide strong expansion of the production of solar modules urges primarily restraint. Attracted by new government incentives, especially in Germany and the USA, not only Meyer Burger has been trying for a long time in this business.