http://www.crystalox.com/

With 25 years in solar technology development, PV Crystalox Solar is a leading manufacturer of multicrystalline silicon ingots and wafers, the key component in solar power systems.

Its customers, the world's leading solar cell producers, combine these wafers into solar modules to harness the clean, silent and renewable power from the sun.

PV Crystalox Solar is playing a central role in making solar cost competitive with conventional hydrocarbon power generation, and as such continues to seek to drive down the cost of production whilst increasing solar cell efficiency. The gap between the cost of solar power production and utility energy is decreasing year on year.

With a long history of production with high growth and profitability, PV Crystalox Solar is well placed to benefit greatly from the rapid growth in the solar energy market

London, United Kingdom: PV Crystalox Solar Plans Listing on London Stock Exchange

PV Crystalox Solar, a producer of solar-grade silicon products for solar electricity generation systems, today announced its intention to proceed with an initial public offering of its ordinary shares, which are intended to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.

JPMorgan Cazenove has been appointed as sponsor to the Company and global coordinator and sole Bookrunner in relation to the offer. Jefferies International Limited has been appointed as co-lead manager.

PV Crystalox Solar, initially established in the UK in 1982, is a highly specialised supplier to the worlds leading solar cell manufacturers, producing multicrystalline silicon ingots and wafers for use in solar electricity generation systems. The Group was one of the first to develop multicrystalline technology on an industrial scale, setting the industry standard for ingot production.

PV Crystalox Solar manufactures silicon ingots in Oxfordshire, United Kingdom, with the majority of its output shipped to Japan, where it is sold either as ingots or as wafers after processing by a sub-contractor. The balance of the Groups ingots are processed into wafers for European customers at the Groups facilities in Erfurt, Germany. The German operation is constantly developing the Groups wire saw technology for the production of thinner wafers.

PV Crystalox Solar has strong, long-established relationships with major solar cell manufacturers, including Sharp and Schott Solar. The Group does not compete with its customers and is therefore able to work closely with them to improve wafer quality and minimize costs.

By focusing purely on the production of solar-grade silicon products, the Group benefits from the higher margins available to companies in the upstream of the photovoltaic value chain, where there are fewer competing manufacturers and higher barriers to entry.

PV Crystalox Solar has an established record of delivering strong financial performance. The Group recorded revenues of 242m for the year ended 31 December 2006, an increase of 32% (31 December 2005: 183m) and a 56% increase in Group pre-tax profits to 49m (31 December 2005: 31.3m)

In 2006 the Group produced silicon wafers and ingots corresponding to a solar electricity generation capacity of 215 MWp. As at the end of 2006 the Group had available production capacity equivalent to 288 MWp and employed around 200 staff.

Iain Dorrity, Chief Executive Officer, PV Crystalox Solar said PV Crystalox Solar has a long and successful history as one of the worlds leading manufacturers of solar-grade silicon products. Over the last five years we have been consistently profitable, trebling our sales and continuing to grow our margins. We look forward to listing on the London Stock Exchange, which we believe will further enhance our ability to grow the business.

The Group is proposing to build its own polysilicon production facility in Germany to secure an additional source of feedstock. The Directors believe that in-house polysilicon production will provide greater flexibility in sourcing its silicon feedstock. PV Crystalox Solar expects the facility to commence operation in 2009 with an initial planned production volume of 900 metric tonnes in that year, rising to 1,800 metric tonnes in 2011
http://www.solarbuzz.com/news/NewsEUCO396.htm

dd results due 25th march.

Interim Management Statement.

The Group has experienced increasing demand for its products during the year to date, with market growth being driven in particular by the impending cut in the feed in tariff (FIT) in Germany which will now be implemented from 1 July. Shipment volumes for the first half of the year are now expected to be in the range 155-160MW exceeding our earlier forecast of 145-155MW given at the time of our 2009 preliminary results. This expectation represents a significant growth on the 139MW shipped in the second half of 2009.

The increased market demand has also stabilised wafer pricing and our average wafer prices are expected to be slightly above the top end of the range we previously indicated in March.

Revenues for the first six months of the year are expected to be enhanced by the combination of higher volumes and stabilising prices and accordingly performance in the first half of 2010 is expected to be above management's earlier expectations.

That makes a refreshing change.

This out-of-favour solar energy company's valuation is too low.

Nice move up today.

Indeed. ;-)

Looking at the 200dma

the one below is much easier to read ..... 200 dma being challenged, but assuredly not broken ..... on the other hand, the markets continue to head north for now and crude remains solid(??) too

Good volume today.

FRANKFURT (MarketWatch) -- U.K.-based PV Crystalox Solar PLC /quotes/comstock/23s!e:pvcs (UK:PVCS 56.25, +1.50, +2.74%) was upgraded to overweight from neutral Tuesday at J.P. Morgan Cazenove, which also upgraded Germany's SolarWorld AG /quotes/comstock/11e!fswv (DE:SWV 9.57, -0.15, -1.57%) and Norway's Renewable Energy Corporation ASA /quotes/comstock/29r!e:rec (NO:REC 16.40, -0.92, -5.31%) to neutral from underweight. The broker said it has turned more positive on the European solar sector given the stabilization in prices. "With net cash position, relatively low exposure to Germany and relatively low valuation, PVCS is our key pick," the broker said.

On the up again.

And again.

SOLA also done the same as PVCS. Almost time to bank profit?

going up yet volume is not increasing it appears to be decreasing. dyor, it may pay off.
regards
jkd

PV Crystalox Solar plc

Notification of interim results
PV Crystalox Solar plc, one of the world's leading providers of photovoltaic
('PV') silicon wafers, will report its interim results for the six months ended
30 June 2010 on Thursday 19 August 2010.

Chart looks promising for a move up to 75p, solid balance sheet, last IMS suggests good first half.

i rather like these too, though it's only a 50% ration of them - far preferable to SOLA, but then i have an innate dislike of chinese stocks, as many know

I've been watching and considering coming back in now also. Another good one to tuck away in the ISA.

Lovely looking chart at PV CRYSTALOX PVCS



Cheap too on a forward P/E of only just over 12 to 2011

PVCS

ForecastsYear Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-11 209.61 27.07 5.02p 12.2 0.4 +29% 2.44p 4.1%

hi sticky .... hope the chart is borne out by reality as i have a few of these .... hope you're keeping well