Feb 10th 2012 - Edison Investment Research today published a report on IQE (IQE.L, LSE:IQE, LON:IQE) entitled "Solar Investment". In summary, the report says:
IQE has raised £10.5m through an equity placing at 24p to fund a strategic investment and partnership with CPV solar chip supplier Solar Junction Corporation (SJC). Through the deal IQE secures both an exclusive supply agreement and an equity stake in a promising company supplying into a market that could be poised to take off. The deal is not dilutive and risks appear to be well mitigated.
Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »