Anwell Technologies (G5X.SG) gaps up at opening, last +11.6% at 5-month high of $0.625 on above-average volume, as company secures order from unnamed solar panel developer, says Dow Jones.

Supplier of manufacturing equipment for solar, optical media industries expects 3-year contract to generate combined revenue of more than U$300 million, or HK$2.33 billion. Anwell’s FY09 revenue merely HK$828 million ($142 million). First shipment due to be delivered to customer this month.

“We see this as the beginning of its business momentum in the solar segment, which should bring the group to another level of growth,” says OCBC Investment Research analyst Kevin Tan. Prospects for Anwell bullish given aggressive targets by countries like China to boost solar capacity in coming years. Resistance expected at $0.67 (April 12 high).