Renesola closed up today by 106 pence to 394 - a massive jump. This comes on top of a jump from 229 p on the 30th November. So can it be justified?

The 2007 capacity expansion is not to be underrated - from an original target of 125 megawatts it has more than doubled to an anticipated 265 megawatts helped by purchases of additional mono and polycrystalline furnaces and wire saws. Doubling the turnover in one year is growth far in excess of the industry itself - see my previous blog where some optimistic forecasts see a doubling of global polysilicon capacity by 2008 earliest.