Enfield solar parts manufacturer STR Holdings has raised the minimum purchase price in its special $30 million Dutch auction to buyback shareholders' stock.
Enfield solar manufacturer STR Holdings has agreed to buy back $30 million worth of its troubled stock, and interested sellers include the company's longtime CEO and chairman.
One of the major owners in STR Holdings of Enfield unloaded two-thirds of its investment in the beleaguered solar manufacturer at a $30 million loss, according to filings with the U.S. Securities & Exchange Commission.
Solar-equipment maker STR Holdings Inc. widened its second-quarter profit loss after sales plummeted nearly a third amid continued delays redirecting its business model toward mass production.
Troubled solar firm STR Holdings of Enfield has ensured its top executives will receive nearly $1 million in bonuses this fiscal year even if the company is sold.
Enfield solar manufacturer STR Holdings, Inc. on Wednesday reported a first quarter loss of $4.2 million, an improvement over the $82.1 million the company shed in the first quarter 2012.
The five top executives at Enfield solar manufacturer STR Holdings, Inc. missed out on more than $1 million in bonuses because of the company's poor financial performance in 2012, according to a regulatory filing.
Enfield solar-parts producer STR Holdings Inc. on Thursday posted a fourth-quarter loss of $123 million on its way to a 2012 earnings deficit of $207 million.
Struggling solar parts manufacturer STR Holdings of Enfield will lose some European and sustainability expertise when a member of its board of directors steps down following the annual meeting.
Troubled solar manufacturer STR Holdings, Inc. of Enfield plans to lay off 160 employees this year – representing a third of its employees – and face up to $20 million in restructuring costs, according to company filings.