Børsens solid winner | DN

Rec Silicon recorded a sharp rise Monday on the Oslo Stock Exchange, including the sharp decline in Asia and the contrasting development of European stock markets.

Basically, China plans to raise the solar cell capacity target until 2020. The stock is so far the second largest stock market.

The National Energy Administration in China had talks Friday with several major manufacturers of photovoltaic systems. Some companies have proposed a 270 GW installation target, Bloomberg News reported on Monday, citing sources familiar with the issue. The Electrical Energy Planning and Engineering Institute of China has proposed a capacity of 210 GW, which the National Energy Administration has described as too conservative. China had 165 GW of solar energy by the end of September.

"Makeup half market"

Analyst Andreas Bertheussen of Kepler Cheuvreaux said that the prospect of increased installation in China would remove the price of polysilicon.

"The recovery is fueled by positive news from China, according to which positive policy changes would help the country's solar cell industry." It can clearly be expected that Chinese demand, which represents half of the world's facilities market will affect the country's external market, "he said.

Bertheussen said that the solar industry had been extremely difficult this semester.

– When there are bad conditions in China, it is even worse on the outside. But now it's probably better, he says.

Prospects for improving trade relations between China and the United States are also useful, Bertheussen added, but said China is once again steaming its own solar energy sector.

Chinese President Xi Jinping announced Monday that the country would lower its import tariffs and continue to expand market access. Xi has estimated imports for the next 30 years at $ 30 trillion in goods and $ 10 trillion in services, compared with $ 24 trillion in commodities, according to Reuters.

On Monday, the group closed at 31.99%, at 0.85 crowns per share, for 204 million crowns.

Seafood week

This week, several fish farms are home to, among others, Bakkafrost and NRS, Grieg Seafood Wednesday, Lerøy Seafood Thursday and Salmar Friday.

Pareto Securities expects a rise in cash prices around Christmas, with an estimate for the fourth quarter of NOK 61.5 per kilo. Prices in Miami in the United States are stable for the fourth week in a row, at $ 11.2 per kilo, while prices in Seattle are down from $ 1 a kilo to $ 7.5 a kilo. In the opposite case, the brokerage firm said that the Norwegian Norwegian Fisheries Directorate denied Friday the request for development "Blandvannet" from Freyer Holding. To date, 21 applications have been rejected, six have been accepted and 44 are in the process of being processed.

The seafood index on the Oslo Stock Exchange rose 0.86% on Monday.

Finished in green

By the way, Norwegian Air Shuttle presents traffic figures for October, while SAS presents its current figures on Thursday.

DNB Markets expects that Norwegian will announce a yield reduction of 5.4% on an annual basis to 0.37 crowns.

"Currency fluctuations are going in the right direction, but a growing proportion of long haul will continue to dampen yield growth on an annual basis," said the broker.

The share of the Norwegian Air Shuttle has increased by 1.52% to NOK 226.4 million, for NOK 98 million in Oslo Børs.

The main index of the Oslo Stock Exchange fell 0.51% to 893.59 points, amounting to NOK 3,798 million.(Conditions)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our business using a link directly to our pages. The copy or any other form of use of all or part of the content may only be done by written authorization or as permitted by law. For other terms please see here.