Renewable energy corporation ASA : case study

Abstract

In this thesis we have studied Renewable Energy Corporation ASA, a major player in the market for photovoltaic energy. We examine the sharp reduction in share price in the spring of 2008, and finds that the reduction can be reasonably explained by company specific events and general industry development. We also analyze the industry and the company specific factors that determine the outlook for the industry and for the company specifically. Finally, we calculate the implied future expectations for growth and profitability given by the market price in March 2008.