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Solon buys 16 pct stake in U.S. solar cell maker

17 June 2008 | Cell Processing: News From Around The Web | Source: uk.reuters.com
German solar module maker Solon bought a roughly 16 percent stake in newly formed U.S. solar cell maker SpectraWatt, broadening its supplier base and its presence in the U.S. market, the company said on Monday.  

Solon shares jumped as much as 7 percent and were up 5 percent at 55.30 euros by 1507 GMT. The stock has fallen about 27 percent since the beginning of the year.

Solon said it paid a sum in the lower double-digit million euros for the stake.

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