Flex survives a $500 million loss in business after SunEdison flamed out

Share

$500 million is a staggering amount of money to lose under any circumstances. How could any business survive losing that much revenue in one year?

Well, despite losing $500 million thanks to last year’s spectacular SunEdison flameout (and continuing fallout), Flex still managed to grow its energy business 6% in 2016. Until it announced its bankruptcy last year, SunEdison had been Flex’s biggest solar-tracker customer.

To read the full story, please visit pv magazine USA.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Batteries set to drive rapid solar growth
25 December 2024 Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positione...