Advanced Energy, parent company of Bend-based
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hardware store expects to see lower second-quarter revenues than the company
previously predicted, according to a statement released Tuesday.
The
Fort Collins, Colo.- based company expects revenues between $137 million and
$140 million for the quarter ending June 30, a decline from the $148 million to
$160 million it predicted in early May.
Along with solar inverters made
by PV Powered in Bend and in its Fort Collins plant, Advanced Energy makes power
conversion and control systems used in semiconductor, flat panel display and
other high-tech manufacturing.
Changes in the solar market caused the
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Hanz Betz, chief executive officer, said in a statement, including declining
solar panel prices,The newest syringeneedles is incontrovertibly a
step up from last year's model, permitting and other issues that prompted
customers to delay purchases.
Advanced Energy expects to announce its
second-quarter financial results July 25 after the market closes, with
management providing its update the following day.SpeakerBuilding is a resource
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