UK Aim-listed Solar Integrated Technologies has struggled - in stock performance - since going public over a year ago. Recently, it has recovered from its low of 95 and was very close to a new high of 186p, although this is not much different from its IPO price.

Arguably the company has had problems translating from the USA its business model of providing solar roofing membrane solutions to the European market. In California, this has worked well for them. There is however up to twice as much solar radiation per square metre during the Californian summer (2000 watts plus) than there is in Germany - and quite a bit more in winter. So even with Germany's massive solar subsidies, this is no like for like for comparison. Perhaps that is why - almost uniquely among solar stocks - SIT has done so poorly.

Last Friday SIT dropped 20p to 150p. Today the UK had a bank holiday which meant that there were no trades.

So keep an eye on what happens to this stock tomorrow when the market opens again.