Solar group Meyer Burger up 7 pct on record order

* Solar industry-supplier gets order of 250 mln Sfr

* Shares outperform other solar groups, Swiss market

ZURICH, March 16 (BestGrowthStock) – Shares in Meyer Burger (MBTN.S: )
rose 7 percent on Tuesday after the solar industry supplier
received a record order from Asia that it said was a sign
customers were gaining confidence in economic recovery.

Meyer Burger said late Monday the order worth more than 250
million Swiss francs ($235.4 million) was the largest ever and
it expected to make deliveries of wire saws, cropping saws and
wafer inspection systems throughout 2010 and 2011.

“It is clearly positive because the orders are
testament to Meyer Burger’s ability to maintain high market
share and prove that the acquisition of wafer inspection
equipment supplier Hennecke Systems has been a success,” Kepler
analyst Ingo Queiser said in a note.

Shares in the company were up 7 percent at 26.90 francs at
0855 GMT, outperforming a 0.3 percent rise in SolwarWorld
(SWVG.DE: ), Germany’s top solar company, as well as a slightly
firmer Swiss stock market (.SSHI: ).

Global solar demand has surged on brisk buying from Germany,
helping the industry to recover from a slump in 2009, but some
analysts fear the market will drop once incentives in Germany,
the world’s largest solar market, are pared back.

Meyer Burger will publish 2009 earnings next Monday.

Investing Basics

(Reporting by Catherine Bosley; Editing by David Holmes)
($1=1.062 Swiss Franc)

Solar group Meyer Burger up 7 pct on record order