Spire Corp. receives order, rises to new 52-week high
Shares of Spire Corp. (Nasdaq: SPIR) have been inspired to a 52-week high on news before the opening that the maker of solar equipment, biomedical and optoelectronics has received a manufacturing order.
Spire received a contract to provide a fully automated turnkey 50 megawatt module manufacturing line, the Bedford, Mass.-based company announced. The order was placed by Martifer Solar S.A., a Portuguese provider of solar parks and a division of holding company Martifer Group. When completed, the project will be the first automated module line installed in Portugal.
“We are proud to be selected by Martifer Solar to lead their first expansion into the solar photovoltaics manufacturing industry, and we are excited about providing this first fully automated 50MW module manufacturing line,” said Spire’s CEO Roger Little in a press release.
The financial parameters of the deal were not publicized.
At 11:23 a.m. ET, Spire’s (SPIR) shares were up $2.43, or 20%, to a new 52-week high of $14.60. The previous high was $12.37, set on Sept. 21.
