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Solyndra gets warning from auditor and admits its solar is costly

Post Time:Apr 05,2010Classify:Industry NewsView:115

Solyndra [Fremont, Calif.] has got some work to do in the pricing department and its own auditors have their doubts about the company.

In the company's amended S-1 statement filed with the Securities and Exchange Commission, Solyndra says that the cost of its cylindrical solar panels is $3.24 per watt, including mounting, or 66 percent higher than the average cost of a crystalline silicon solar panel, according to an April 4 greentechmedia report.

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