Spire CEO expects glut of cheap solar parts to last another year
Bedford, Mass. solar company Spire Corp. (OTCQB: SPIR) reported a 46 percent decrease in revenues for its second quarter and said it doesn’t expect to see much improvement until late next year.We've covered the trials and tribulations of Spire Corp. before (when they were delisted), so this is just kicking a company when they're down. But considering that the vast bulk of green energy companies gleefully extended their hands when President Obama was throwing around stimulus dollars like
The news comes on the heels of the company being delisted from the Nasdaq stock exchange a month ago, for not maintaining the minimum $1 a share bid price for its stock. The company first got notice of delisting in mid-2012, and was unable to comply over the course of the next year. It did not appeal the delisting decision.
It's also pretty telling that they're saying that this won't even start to get better until late 2014. Maybe it's just coincidence, given that we've already heard "late 2014" as the time table for when ObamaCare will be postponed on implementation so that
At this point, President Obama has been on office for nearly five years. He had the House and Senate for two of those five years, and squandered having all three branches for those two years. Since losing the House, he has done nothing but blame the GOP for every single thing that has gone wrong in his entire term, all the while calling the murder of four Americans in Libya a "phony scandal" that was drummed up by his political enemies. It's worth pulling out these green energy "success" stories to point out that even the things he has taken full credit for have crashed and burned like the Hindenburg...
With "success" like this, it's no wonder Obama wants to play the "kick it down the road until 2014" game...
That is all.