The bad news at this solar energy firm is a price earnings ratio above 100 and a market valuation around $23bn for a company whose sales for the quarter were just $267m.
This is not a cheap stock. It is exciting though. Sales for the quarter were triple the level a year earlier and profits rose 57 per cent.
An oil price above $120 reinforces the message that after years on the fringes solar power is an idea whose time has come. If that is correct these incredible growth rates could continue for a while yet.
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Higher production, lower costs
The company describes itself as one of the world’s fastest growing manufacturers of thin film photovoltaic solar modules in the world.
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