Meyer Burger Technology stock surges after strategy change

Aidan Gregory

June 22, 2020 12:30 PM

Meyer_Burger_PA_575_375 — File photo dated 06/08/2016 of solar panels. The UK's largest solar farm, which will generate enough power for more than 91,000 homes, is to be built in Kent despite concerns about the effect on the countryside. Developers said the 958-acre site, located in the village of Graveney, between Faversham and Whitstable, will help the UK achieve its climate change targets and provide subsidy-free electricity. | Steve Parsons/PA

Shares in Meyer Burger Technology, the Swiss developer of solar panel technology, surged by more than 26% on Monday morning after the company unveiled plans for a Sfr165m capital increase to accelerate its plans for an expansion its own cell and module production capacity.

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Topics

Switzerland The Sustainable Economy Credit Suisse Equity Europe Follow-ons and Rights issues EMEA SRI

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Aidan Gregory