Meyer Burger Faces SIX Delisting As Reporting Delays Deepen Crisis

• Switzerland’s SIX exchange moved to delist Meyer Burger after missed reporting deadlines, capping a turbulent year for the solar manufacturer.

Switzerland’s stock-exchange regulator took the rare step of initiating a delisting for Meyer Burger, saying the panel maker is set to miss its 2024 annual-report deadline and hasn’t resolved underlying issues. Trading has already been suspended for three months; the company can appeal within 20 days, but the exchange’s notice underscores how far fortunes have fallen at a once-celebrated European cleantech name.

The backdrop is brutal: a year of global oversupply, price wars, and collapsing margins across the solar supply chain. Meyer Burger shuttered its Arizona factory in May and later sought insolvency for German subsidiaries—steps that reflected not just company-specific strains but the broader squeeze from ultra-low-priced Asian imports. Today’s move by SIX formalizes a market judgment investors have been making for months: without capital, scale, and a differentiated product roadmap, survival gets dicey fast.

For Europe’s industrial policy, the saga is a warning. Efforts to on-shore solar manufacturing will need stickier demand signals, procurement standards that value reliability and sustainability, and financing that bridges new lines to competitive volumes. If delisting proceeds, creditors and buyers will pick through assets—intellectual property, equipment, and a workforce with deep heterojunction experience—while rivals press efficiency gains and cost cuts.

Meyer Burger says it will outline next steps “in due course.” For developers and EPCs, the near-term takeaway is practical: spread supplier risk, scrutinize warranties, and favor bankable makers with balance-sheet depth. The broader solar market may cheer cheaper modules, but the industry also needs durable manufacturers to stand behind product for decades.