ZURICH (Reuters) – Swiss photo voltaic panel maker Meyer Burger (SIX:) mentioned on Tuesday it will postpone the publication of its 2024 half-year outcomes till Sept. 16 as it really works to acquire extra financing and a strategic associate.
“As previously reported, Meyer Burger is currently working intensively on the securing of an additional financing and the entering into a strategic partnership with a renowned technology partner,” the corporate mentioned in a quick assertion.
Because of this, Meyer Burger mentioned it will postpone the outcomes, which had beforehand been due for publication on Wednesday. It didn’t give extra particulars.
Earlier this yr, the corporate mentioned it had concluded a capital improve by way of a rights situation, bringing in gross proceeds of 206.75 million Swiss francs, cash due for use to fund completion of its Colorado and Arizona manufacturing amenities.
Meyer Burger’s financing struggles have put strain on the corporate’s shares, that are down by greater than 90% within the yr up to now, and method beneath peaks scaled in early 2023, LSEG knowledge present.