Investors are responding to the key value represented by the solar industry sector, and in particular the emerging solar firm Solar EnerTech Corp (SOEN.OB) sending the shares strongly upward 18.98% in late trading on Wednesday.
Over the last year, SOEN has made great strides forward in lauching its business model including the ramp up of its new production facility in China.
Solar EnerTech is a photovoltaic (“PV”) solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai’s Jinqiao Modern Technology Park. This facility is capable of producing 25Mw of solar cells from its current production line and 50Mw upon completion of the second 25 Mw line which the Company anticipates will be fully-operational in the fourth quarter of this year. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry’s top scientists, the Company’s R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California’s Silicon Valley.
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