Thursday, May 10, 2012

Q-Cells Surges on Interest for Insolvent Solar Company

Q-Cells SE (QCE) rose the most in six weeks in Frankfurt after an administrator said several parties had shown interest in the German solar-cell and module maker that filed for insolvency this month.

Q-Cells climbed 21 percent to 16 euro cents at the close, the steepest gain since March 12, after preliminary insolvency administrator Henning Schorisch said “interested parties” including financial and strategic investors in Germany and other countries contacted him after the April 3 insolvency filing.

“Our aim is to save as much of Q-Cells as possible,” Schorisch said today in a statement. “The next few weeks will show the extent of investors’ interest.”

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