A SOLAR STOCK BUY

Sustainable Energy stock soars on Bosch tie-up; Stock leaps more than 20 pct
Nicole Mordant (w/Frank McGurty), March 2, 2010 (Reuters)

"Shares of Sustainable Energy Technologies…rose by more than 20 percent early on Tuesday after it announced a tie-up with the solar unit of German engineering giant Robert Bosch…

"Sustainable Energy, a small Canadian solar energy company, and Bosch Solar Energywill jointly market Bosch thin-film photovoltaic modules with Sustainable's Sunergy inverters in the province of Ontario."

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"Ontario last October launched the most comprehensive and generous set of feed-in tariffs in North America, piquing the interest of Canadian and foreign renewable energy companies at a time when Europe is starting to roll back its support for the sector.

"Inverters are key components of power systems that turn the sun's rays into electricity as they convert the direct current output generated by the solar panels into the alternating current that the power grid runs on."

The inverter is at the heart of the system. (click to enlarge)

"Bosch Solar and Sustainable Energy plan to build modules, or panels, and inverters in Ontario, meeting the province's 2010 and 2011 domestic content thresholds…Their target is to install between 10 and 15 megawatts of solar power in 2010, rising to 50MW-75MW in 2011…

"The news sent Sustainable Energy's shares flying as high as 41.5 Canadian cents a share, a rise of 7.5 Canadian cents or 22 percent…"