Powerfilm panned.
Investors Chronicle - magazine and web content, December, 2007
Delayed delivery of components required for expansion means 2008's performance will be hit hard Graeme Davies
Shares in thin-film solar panel maker Powerfilm slumped 30 per cent on Tuesday after it warned that delayed delivery of components required for its capacity expansion plans means profits for 2008 will be 20-25 per cent below expectations.
Execution of expansion plans was always one of the biggest risks for Powerfilm, and although it remains profitable, this news is a blow. At 225p its shares are well down on our buy recommendation (410p, 28 September 2007) and are fairly priced.
FairlyPriced
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