Solarworld Halves 2nd-Quarter Loss as U.S. Sales Boost Revenue

Solarworld AG, the German solar-panel maker that survived a plunge in module prices triggered by competition from China, said first-half sales jumped 40 percent on new business in the U.S.

Solarworld’s loss before interest and taxes narrowed to 4 million euros ($4.4 million) in the second quarter, from a loss of 8 million euros in the same period a year earlier, the Bonn-based company said Monday in a statement.

Solarworld is ramping up supplies to U.S. project developers, which have benefited from tumbling costs for solar panels. The company rose as much as 6.5 percent in Frankfurt to 16.50 euros a share.

The company, which won import duties against Chinese competition in Europe and the U.S., confirmed its 2015 outlook for positive earnings. Module shipments are forecast to exceed 1,000 megawatts this year and sales are expected to top 700 million euros, the company said. Solarworld shipped 440 megawatts and generated 320 million euros of sales in the first half.

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