Silex Systems (SLX)
The laser and solar technology developer’s share price has spent much of February in decline. However, it rose again last week, gaining 6.43 per cent since Wednesday
The laser and solar technology developer’s share price has spent much of February in decline. However, its form took a turn for the better last week, gaining 6.43 per cent since Wednesday. But the stock is still a far cry from its recent high of $7.10, posted in early December when the company announced its planned equity raising of $89.1 million. The funds are intended to be used for investment in solar technologies, to fund pilot facilities, and to boost production capacity. The company is due to release its results later in reporting season, but Silex said in an update in December that it expects to turn cash flow positive in March 2011. Investors will be looking towards potential government incentives from climate change policies as well as the impact of rising prices of conventional energy sources on Silex, which it hopes will increase demand for its solar products.
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