ErSol Solar Energy "buy"

05/25/07 - Dexia Securities

LONDON, May 25 (newratings.com) - Analysts at Dexia Securities maintain their "buy" rating on ErSol Solar Energy AG (ES6). The target price is set to €70.

In a research note published this morning, the analysts mention that the company has entered into a long-term contract with 3S Swiss Solar Systems to deliver solar cells through 2017. The agreement is valued at about €60 million, the analysts add. The deal would enable ErSol Solar Energy to remain on track with the developments in the market for high-quality building integration.