Aleo outlook bleak after Bosch

Aleo's strategy revolves around high-end modules

Aleo's strategy revolves around high-end modules

Worse-than-expected 2012 losses and a prediction that another “substantial” deficit may be in the making for this year sank shares in Aleo Solar by less than 3%, with many investors having already written the company off after Bosch’s decision to quit the solar game last week.

Despite the significant restructuring efforts already underway at Aleo, the company faces an uphill battle for survival after Bosch – which bought more than 90% of outstanding shares in 2009 – sells its stake.

Bosch has pledged to continue financing Aleo through March 2014, giving the company a year to consolidate its strategy and potentially find another major investor. The Brandenburg-based company today confirmed an operating loss of €77m ($98.3m) for 2012 – worse than the €74m it predicted in January.

Bosch’s announcement last week sent Aleo shares spiralling Log in to read complete article.

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