* 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.
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“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.
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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
