Home THE DAILY EDGE Business Sunpower Group +3.2% on record $82m deal
Sunpower Group +3.2% on record $82m deal

Tags: Sunpower Group

Written by Dow Jones & Co, Inc   
Friday, 03 December 2010 10:58
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Sunpower Group (5GD.SG) +3.2% at $0.325, extending yesterday’s 6.8% rise, as investors continue to lap up news of company clinching its largest contract ever, worth RMB415.1 million ($81.6 million).

Deal, unveiled during trading hours yesterday, worth more than half of total FY09 revenue, involves using China-based Sunpower’s heat-transfer technology to service Jiangsu Zhongneng Polysilicon Technology Development, unit of GCL-Poly Energy Holdings (3800.HK).



Last Updated on Friday, 03 December 2010 10:59