Bought into this baby last week....already 40% up...plenty more to come

Solar Integrated wins 13 mln usd contract with Tesco USA for solar roofing
AFX


LONDON (AFX) - Solar Integrated Technologies Inc said that it has won a deal worth 13 mln usd with Tesco USA to provide a 2 MW building integrated photovoltaic (BIPV) roofing system for Tesco USA's distribution centre under construction in Riverside, California.

R Randall MacEwen, Solar Integrated's president and chief executive, said: 'We believe this will be the largest roof-mounted solar installation in the world. We are thrilled to partner with Tesco USA on their exciting entry into the US market. Tesco has a strong commitment to being a leader in helping to create a low carbon economy.

'Our BIPV roofing system at this distribution centre will produce over 2.6 mln kilowatt hours per annum, provide a fifth of the depot's power supply, and save 1,200 tons of carbon dioxide emissions each year.'

The firm added that it 'looks forward to working with Tesco on future opportunities'.

newsdesk@afxnews.com

posted this the other day on the other thread, but hope it is useful




red = 50 dma
green = 200 dma

i dare say this is an interesting gamble, but beware the bubble ..... though sp could jump again today as yesterday's news is digested, it may just as easily falter on the basis that the news is now out.

The Wal Mart and Macys contract winners are due to be announced at the end of February and wit SIT been considered a front runner (backed by GE, associates of Wall Mart) the signal is good for a full blown rise back to well over 1.40p. There is a wall of money previously invested down to 1.00 and that is the key. If SIT breaks the 1.00 and holds it, get ready for a massive leap in SP - however this share is very volatile and not for the feint hearted. Rather be in than out. The Sector is buzzing and I wouldn't be surprised if SIT becomes vunerable to the likes of renesola or similar outfit. No investment advice intended as it is volatile.

should follow Renesola's chart so we are probably looking at possible 600p...both floated around 100p i believe

Nice movement today on the back of a new contract for USD 1m

can someone help on this why the s/p has come down so much on good news i'm thinking on buying but with the big dope i'm not sure.cynic you always have something good to say!!!!!!!!! help

micky ..... this isn't a staock i have really followed, but having had a look at one or two things, my guess the fall is due to lack of investor interest more than anything else - i.e. trade on friday was only about 200k = about 50% of average over last 3 months.

chart shows 25 and 50 dma.
rsi is neutral to oversold

not encouraging that sp fell through 25 dma without a thought, so hope for a bounce off 50 dma which is only a little further south

thank cynic i keep an eye on it and wait for the bounce i'm thinking a little on the same line as you if you have some time would like to no what you think of Speymill Group (SYG) would be nice thanks post on here and i'll keep an eye out.

someone asked me about a week ago to comment on SYG .... have at look at same (most recent thread)

Another contract win announced this morning - SP also may now look to break out of consolidation area formed over last 3 months - March high was 142.5p.

Steve