PricewaterhouseCoopers was critical after reviewing an amended filing for Solyndra’s anticipated initial public offering (IPO), in which it hopes to raise $300m. California-based Solyndra has offered no date for the IPO, which it announced in December 2009.
Solyndra, the auditors write, “has suffered recurring losses from operations, negative cash flows since inception, and has a net stockholders’ deficit that, among other factors, raises substantial doubt about its ability to continue as a going concern”.
Analysts
