Energy (NASDAQ: AEIS) today announced that
its overall sales lower than previously expected downward slightly been
improved. Although the company has said a few weeks ago PV projects might be
delayed first-quarter sales have an impact, but this PV inverter manufacturer
recently announced second-quarter sales improved slightly compared to the first
quarter. AE renewable energy business unit sales in the second quarter and the
first quarter of $ 37.6 million compared to $ 40.8 million upgrade. Total
revenue reached $ 138.2 million, while the previously expected down to 137 to
140 million U.S. dollars between.
AE represents the second quarter of
photovoltaic projects have now been delayed start, while demand is expected
before the end, especially the U.S.
Impact on the business than we previously
expected. Nevertheless, we are pleased to see that thin-film solar cell
business in accordance with the development as expected before. Outlook second
half of 2011, we believe that the effect of diversification strategy will be
more obvious.
Despite our business development with the
thin film battery market cyclical development has slowed, but before the delay
renewable energy projects have been re-launched, it is because customers want
to carry out the project before the end of the year and thus enjoy preferential
taxation policies.
In the long run, our North American
utility-scale inverter gridtiepowerinverteronline demand will continue to grow, and we are confident that
through the AE based on levelized cost of energy (LCOE) sales strategy,
superior product performance and excellent run the services will continue to
strengthen our market competitiveness. "AE expects total revenue will be
130 million to 145 million U.S. dollars between, also said that although the film
battery sales will slow down, but the PV inverter sales will be further
improved.
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