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.
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