Swedbank recommend buying Rec Solar shares before a new installation rush starts in the second half which is seasonally strong, writes Peter Hermanrud chief strategist and analyst Andreas Bertheussen in Swedbank, according to TDN Finans.
The analysts expecting a recovery in the spot price will be the trigger for the stock price.
“The market is expected to become tighter as we go into the seasonally stronger autumn”, it says.
On the demand side shows Hermanrud and Bertheussen especially that China has adjusted its target for installed capacity from ten to 13 gigawatts in 2014 as a factor pårvirker demand.
On the supply side, they refer to a limited number of capacity announcements, and that the focus has been on growth downstream.
Hermanrud and Bertheussen also highlights the Rec Solar is a hot acquisition candidate and that they can easily pay five million in dividends.
The share rising 2.2 percent in today’s trading to 83 million.
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