Meyer Burger Faces Delisting from SIX Exchange Over Late Filings

PVTIME – On 9 September, Switzerland’s SIX Exchange announced that it would delist solar manufacturer Meyer Burger due to the company’s failure to submit the required financial reports on time.

Regulators at the Swiss exchange launched delisting proceedings after confirming that the photovoltaic module manufacturer would be unable to file its 2024 annual report by the deadline and that there was still no resolution in place for its core operational issues. The firm’s shares have already been suspended for three months. Although Meyer Burger has 20 days to appeal, the exchange’s notice reflects a significant decline in the performance of this formerly high-profile European clean energy technology business.

Founded in Switzerland in 1953, Meyer Burger initially developed and produced machinery for the watchmaking industry, before shifting its focus to the solar sector. There, it specialised in solar cells and modules, becoming a technical pillar of the global solar industry. It helped set multiple industry standards and most of the world’s solar module technologies originated from its research. Its proprietary HJT and smart wire technologies also drove progress in global photovoltaic development.

However, over the past year, the global solar supply chain has faced oversupply, frequent price wars, and a sharp drop in profit margins. In May, Meyer Burger closed its factory in Arizona, USA, and the same month, its solar cell plant in Thalheim, Germany introduced short-time working due to material shortages. On 31 May, two of its German subsidiaries, Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH, filed for bankruptcy. On 10 June, the SIX Exchange approved an extension to the deadline for the 2024 annual report to the end of July 2025. These developments have revealed the operational pressures facing Meyer Burger and the impact of low-cost solar imports from Asia on the industry. The latest move by the SIX Exchange now confirms investors’ concerns that the business faces an uncertain future without capital support, scalable production capacity, and a roadmap for differentiated products.

This development should serve as a warning to European industrial policymakers. In order to promote local solar manufacturing, policymakers must provide stable demand signals, prioritise procurement standards that focus on reliability and sustainability, and offer financial support to help new production lines reach competitive output levels. Should the delisting process go ahead, Meyer Burger’s assets, including its intellectual property, equipment and technical teams, will be reviewed and divided among creditors and potential buyers. Meanwhile, competitors will continue to improve efficiency and reduce costs.

Meyer Burger has stated that it will announce further plans ‘in due course’.