Interesting article about troubles Solyndra is having. Brian Harrison is the new (as of July 2010) CEO.
Harrison’s first big move was to shut down Solyndra’s older factory, consolidating production in Fab 2, the newer Fremont factory, and disrupting the company’s plans to add 1,000 jobs.
Now he faces the formidable task of putting Solyndra on the road to profitability and reviving its much-maligned reputation in Silicon Valley.
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“We’re not yet cash flow positive, but we’ve adjusted our spending and slowed the rate of cash we are consuming,” he added.
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Many low-cost Chinese manufacturers, which benefit from massive government support, are manufacturing at costs in the $1.10 to $1.20 a watt range. Thin-film leader First Solar, based in Tempe, Ariz., manufactures at 75 cents a watt and aims to be at 53 cents a watt by 2014. Solyndra says its current manufacturing costs are about $3 per watt.“Our manufacturing cost per watt is coming down every quarter,” Harrison said. “By the end of 2012 we should be at the $1.30 to $1.40 per watt range, or $2 a watt if you include installation.”
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