Solar Energy Systems (SES) was placed in a trading halt today pending an announcement to the market.
Anyone have any ideas what this is about?
Prior to the trading halt the stock was up over 6% on yesterday's close. This put it at it's highest level for over a month now but down on it's price at the start of 2004.
I assume it may somehow be tied to the government's announcement on their renewable energy policy. But from what little I've heard in that respect I can't see that there'd be anything positive in that for SES.
The company has yet to book a profit and is cash flow negative.
