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Solar Integrated Technologies (SIT) has expanded and extended its supply deal with United Solar, securing its feedstock needs to 2012 and reducing the risk of it running into supply problems. SIT will take a minimum of 250MW worth of feedstock in the period.
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This deal secures SIT's feedstock and gives visibility in terms of costs. It is also a sign of the confidence of both parties in SIT's growth potential. Its shares are up on our recommendation (Buy, 100.5p, 18 April 2008) and remain a buy at 111p.
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-IC-1.5.0d-prod - 07/10/2008 17:37:17 - FurseJ
