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PV Crystalox Solar - Raises guidance on volumes and ASP's

June 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PVCS
  • Price:
  • 52p
We called the shares a 'speculative buy' last month and the Investors Chronicle said "sell" a few days later. But PVCS has proved the doubters wrong by raising the guidance on volumes, average selling prices for its solar wafers and on its cost-cutting programme.As we foreshadowed, Germany has seen a sudden influx of orders brought forward by the impending cuts in the government's subsidy programme. Overall, PVCS says it expects volumes to be 155-160MW in H1 10, versus 139MW shipped in H2 09. Surprisingly,  China has overtaken Germany as the number two market, whilst Japan remains the leading market for the company.   The increased market demand has stabilised wafer prices, which are now expected to be “sli ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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