ARISE Technologies Corporation (TSX: T.APV, Stock Forum) had one of the most posted Bullboards on Stockhouse Tuesday morning, after the company announced that it has confirmed the volume and pricing of photovoltaic cells that it will ship to European firm Solon next year.
"The volume of shipments and pricing arrangement for 2009 are consistent with our expectations and with the five-year agreement that we signed with SOLON in early 2008 to supply 212MW of PV cells over the life of the agreement," said Chris Waters, the company’s vice-president, business development and marketing for Waterloo-based ARISE.
"During this past summer, ARISE began making volume shipments to SOLON of PV cells produced at our new German plant. We view the amicable negotiation of the shipment terms for 2009 as being confirmation both of the strong relationship that our companies are forging and of our mutual confidence for the outlook for our businesses over the coming year," added Waters. Solon manufactures solar modules and supplies photovoltaic systems for large-scale solar power plants.
Shares of ARISE Technologies were down 4.2% to 34 cents Tuesday.
On the ARISE Bullboard Tuesday, in response to another post mentioning the company’s share price heading lower, StockscoutX wrote: “Nobody in their right mind would wish a stock to go much lower in order to have a better price! Its a losing cause. You buy on strength or on the belief that it will go higher, not lower! I think lots of amateurs in the stock market are sinking a lot of good stocks[sic]”….
