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Sun shines on PV Crystalox
- Created:
- 18 June 2008
- Written by:
- Graeme Davies
Solar wafer maker PV Crystalox Solar has sealed a deal with Intel spin-off SpectraWatt which will see it supply 125MW equivalent of wafers between 2009 and 2013. This continues PV's strong run of positive news and gives it total forward sales of 480MW over the next 5 to 7 years.
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SHARE TIP UPDATE:
Buy
PV's shares have performed strongly since we made them a tip of the year (Buy 126p 4 January 2008) but at 16 times forward earnings, they remain cheap compared to European peers trading at around 25 times. Buy at 191p.
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