Blind loyalty: Shareholders purchase new shares but at what cost?

Powering Forward: Meyer Burger’s Journey to Solar Module Production and the Commitment of its Loyal Shareholders

Meyer Burger, despite not being financially successful, has attracted loyal shareholders who believe in its potential. The company’s transformation from a manufacturer of solar cell production machines to a producer of solar modules has been difficult, with stiff competition from cheaper Chinese manufacturers. However, the recent capital increase of nearly 207 million francs was a milestone for the company, securing its survival for the time being.

The long-term support from shareholders, even in the face of financial challenges, reflects a shared commitment to the company’s mission. One of the company’s largest individual shareholders, Russian magnate Pyotr Kondrashev, has shown unwavering loyalty to Meyer Burger and its solar technology. His financial company played a significant role in the recent capital increase, further solidifying his commitment to the company’s success.

Currently, Meyer Burger is seeking external financing to establish production in the USA and emphasizes the importance of political support for the company’s operations. While there is an emotional connection between Meyer Burger and its investors, questions remain about the sustainability of a business model that relies on external support to function effectively regardless of location. The company’s journey serves as a reminder of the complexities of balancing financial returns with social and environmental goals in the renewable energy sector. Despite these challenges, Meyer Burger’s loyal shareholders continue to stand by its side, driven by a shared vision for a cleaner and greener future.

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