Shares of solar technology company ARISE Technologies (TSX: T.APV, Stock Forums) rose 13.3% on Thursday in absence of any press releases.
A recent post in Treehugger suggested that some solar panel manufacturers would have a tough time outlasting the recession. Inventories are rising, according to theInformation Network, while demand is falling because of cost cutting related to the recession.
Still, oil prices continued to surge on Thursday and were partly responsible for the gains logged by the TSX composite index. And higher oil prices help alternative energy companies.
Hylander1 noted that the Ontario government would be contributing to a proposed green energy belt “on first nations lands, initially on 176 acres land site to be announced 12:30 pm, joint Ontario Gov is chipping in. Check Brantford Expositor front page. Brantford is south of Kitchener. Will it be wind or Solar? or both.”
Markvrd wondered why the share price moved so much on Thursday. Other posters suggested a news leak might be responsible for the jump in price, but wintersun10 suggested “let’s evaluate the "leak" idea rationally. if there is a leak you would expect only a few to be in on the leak, since there are only a few sellers that would mean bad news has leaked......
i just happen to believe APV is a tight and leak free company so the trading is simply the result of a few big holders reducing their stake and some new believers in the Ontario FIT (Feed –in Tariff) program are loading up....as APV is really cheap here.”