Spire up 10% on new PV system orders

Shares of solar equipment maker Spire (Nasdaq: SPIR) are up almost 10% today on latest customer announcements.

Spire has received orders for two more 15-megawatt turnkey silicon photovoltaic (PV) module production lines and an additional order for expansion of a previously delivered production line to 60-megawatts. The new lines are for startups in the United States and in the Caribbean, and the expansion is in Europe

Earlier this month, Spire announced a separate sale to an unnamed European customer.

"New manufacturers are entering the business, now that availability of polysilicon appears assured with all the announced new capacity and the demand for photovoltaics continues to expand worldwide," said Roger Little, Chairman and CEO of Spire.

Spire Corporation is a leader in PV equipment to expanding manufacturers and turnkey lines to new entrants in the solar industry.