What’s going on these days with Vancouver-based power electronics leader Xantrex Technology Inc.? Yes, the company has gone through some troubles over the past 18 months, including competition from GE, the halt in wind development last year in the United States, and glitches with its outsourcing plan. But you’d think that was all behind them by now.

The company is making some strong inroads in Europe, particularly with its solar inverter products. The wind market has picked up dramatically, which must be bringing some benefits to Xantrex. And while its outsourcing of some manufacturing has been slow, progress is being made — so the company says.

For the longest time Xantrex’s stock was hovering around the $9 mark, so presumably the above problems were factored in and the road ahead would be an incline. But the stock has inexplicably plunged in recent days below $7, raising more concerns about the company’s performance.

Now, keep in mind the stock is thinly traded, so it’s not tough to move this baby up or down. Perhaps it will rebound over the next couple of days. But my gutt tells me that a negative announcement is on the way… I guess we’ll have to wait and see.

One thing’s for sure, venture capitalists still holding Xantrex stock aren’t a happy bunch. They watched the company IPO at $18 a share. It’s all been a downhill slide from there.

This entry was posted on Tuesday, May 31st, 2005 at 12:08 am and is filed under Main Page. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.