Did we just see a trend reversal of the Swiss Company Meyer Burger.
The Company just announced, that they will produce solar panels in Germany.
A brave decision.
Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions.
The current situation and thoughts to bring back local production could lead to an success.
The history of the stock shows a fall from 358 Doller to 20 Cent.
The change of energy sources away from coal could lead this current penny stock back to a proper stock.
The future will show the potential!
The Company just announced, that they will produce solar panels in Germany.
A brave decision.
Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions.
The current situation and thoughts to bring back local production could lead to an success.
The history of the stock shows a fall from 358 Doller to 20 Cent.
The change of energy sources away from coal could lead this current penny stock back to a proper stock.
The future will show the potential!