Solarworld Jumps on Reports of Qatar Interest in Holding
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Solarworld AG, Germany’s biggest maker of solar panels, rose the most in four months after newspapers reported that Qatar Solar Technologies will help finance a restructuring by acquiring a 30 percent stake.
Solarworld surged as much as 25 percent to 86 euro cents, the sharpest intraday jump since Feb. 13, and was up 24 percent at 12:11 p.m. in Frankfurt. That pared the stock’s decline this year to 20 percent. Volume was more than double the three-month daily average.