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Pv Crystalox Share News (PVCS)
Share News for Pv Crystalox (PVCS)
| Share Price: 11.75 | Bid: 11.75 | Ask: 12.25 | Change: 0.00 (0.00%) |  | ||||||
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UPDATE 1-PV Crystalox upbeat for year as H1 net triples
Thu, 21st Aug 2008 08:39
LONDON, Aug 21 (Reuters) - Britain's PV Crystalox Solar, a wafer maker for solar syst
PV Crystalox net income for the first six months jumped to 36.9 million euros ($54.48 million) from 13.6 million, and it declared an interim dividend of 2 euro cents per share, after nothing a year ago.
Shares in the Oxfordshire-based company, which makes wafers from high grade silicon for sale to manufacturers of solar cells and panels, were up 4 percent at 178 pence at 0702 GMT, adding to a 68 percent gain this year.
Solar power still makes up a tiny fraction of the world's energy consumption, but demand for the panels that turn sunlight into electricity is booming due to concerns over climate change and rising prices for fossil fuels.
'Wafer sales volumes and pricing for the second half of 2008 are expected to be broadly similar to the first half,' the company said in a statement.
'Total output for the year is expected to be in the range of 220-225 MW. Accordingly, we are confident about the outlook for the full year 2008.'
Wafer shipment volume had risen by a quarter to 110 MW in the period from a year earlier, it said.
'The market drivers for the photovoltaic (PV) industry remain positive, and although there is diversity in the various forecasts for growth of PV installations, even the relatively conservative view of the European Photovoltaic Industries Association envisages doubling of the market by 2010.
'Europe and the USA are expected to be the major markets,' the company added.
(Reporting by Hsu Chuang Khoo, editing by Will Waterman) ($1=.6773 Euro) Keywords: PVCRYSTALOX/
tf.TFN-Europe_newsdesk@thomson.com
ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON, Aug 21 (Reuters) - Britain's PV Crystalox Solar
ems, painted a rosy outlook for the rest of 2008, as it said firm demand and strong prices had nearly tripled half-year income from a year ago.
PV Crystalox net income for the first six months jumped to 36.9 million euros ($54.48 million) from 13.6 million, and it declared an interim dividend of 2 euro cents per share, after nothing a year ago.
Shares in the Oxfordshire-based company, which makes wafers from high grade silicon for sale to manufacturers of solar cells and panels, were up 4 percent at 178 pence at 0702 GMT, adding to a 68 percent gain this year.
Solar power still makes up a tiny fraction of the world's energy consumption, but demand for the panels that turn sunlight into electricity is booming due to concerns over climate change and rising prices for fossil fuels.
'Wafer sales volumes and pricing for the second half of 2008 are expected to be broadly similar to the first half,' the company said in a statement.
'Total output for the year is expected to be in the range of 220-225 MW. Accordingly, we are confident about the outlook for the full year 2008.'
Wafer shipment volume had risen by a quarter to 110 MW in the period from a year earlier, it said.
'The market drivers for the photovoltaic (PV) industry remain positive, and although there is diversity in the various forecasts for growth of PV installations, even the relatively conservative view of the European Photovoltaic Industries Association envisages doubling of the market by 2010.
'Europe and the USA are expected to be the major markets,' the company added.
(Reporting by Hsu Chuang Khoo, editing by Will Waterman) ($1=.6773 Euro) Keywords: PVCRYSTALOX/
tf.TFN-Europe_newsdesk@thomson.com
ak
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
RESEARCH ALERT-HSBC raises PV Crystalox price target
Aug 20 (Reuters) - PV Crystalox Solar PLC: * HSBC raises PV Crystalox price target to 7p from 5p; rating underweight For a[20 Aug '12]
BRIEF-PV Crystalox chair Henderson quits, bows to shareholders
LONDON, May 24 (Reuters) - PV Crystalox Solar PLC: * Maarten Henderson the chairman did not seek re-election * Decision taken in view[24 May '12]
BRIEF-RESEARCH ALERT-Westhouse Securities raises PV Crystalox to buy
May 22 (Reuters) - PV Crystalox: * Westhouse Securities raises PV Crystalox to buy from neutral, target price to 13P For a sum[22 May '12]
BRIEF-RESEARCH ALERT-Peel hunt raises PV Crystalox to buy
May 18 (Reuters) - PV Crystalox Solar PLC: * Peel hunt raises PV Crystalox to buy from hold For a summary of rating actions and price[18 May '12]
BRIEF-RESEARCH ALERT-Peel Hunt raises PV Crystalox Solar to hold
March 28 (Reuters) - PV Crystalox Solar PLC: * Peel hunt raises PV Crystalox Solar to hold from sell For a summary of rating actions[28 Mar '12]
BRIEF-RESEARCH ALERT-Barclays cuts targets on Centrotherm Photovoltaics, Phoenix Solar
Jan 10 (Reuters) -: * Barclays cuts centrotherm photovoltaics AG price target to EUR 10 from EUR 14 * Barclays cuts Meyer Burge[10 Jan '12]
BRIEF-RESEARCH ALERT-HSBC cuts PV Crystalox Solar to underweight
Oct 31 (Reuters) - PV Crystalox Solar PLC: * HSBC cuts PV Crystalox Solar to underweight from neutral For a summary of rating ac[31 Oct '11]
BRIEF-RESEARCH ALERT-Goldman Sachs cuts PV Crystalox price target
Oct 27 (Reuters) - PV Crystalox Solar PLC: * Goldman Sachs cuts PV Crystalox price target to 7.80P from 9P For a summary of rati[27 Oct '11]
