April 14, 2024 2:09 pm
Blind loyalty: Shareholders purchase new shares but at what cost?

The recent capital increase of nearly 207 million francs by Meyer Burger’s investors has exemplified their commitment to the company and its mission. Despite facing stiff competition from cheaper Chinese manufacturers, Meyer Burger has managed to attract loyal shareholders who believe in its potential for success.

The transformation of the company from a manufacturer of solar cell production machines to a producer of solar modules has been a difficult journey. However, despite the rational course of action being to sell off losing investments early, Meyer Burger’s investors have held on, driven by a desire to contribute to a sustainable future. The long-term support from shareholders reflects their shared commitment to the company’s mission.

One of the largest individual shareholders of Meyer Burger is Russian magnate Pyotr Kondrashev, who has shown unwavering loyalty to the company 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, emphasizing the importance of political support for its 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 involved in balancing financial returns with social and environmental goals in the renewable energy sector. As Meyer Burger navigates these challenges, its loyal shareholders continue to stand by its side, driven by a shared vision for a cleaner and greener future.

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