Shares in Chinese high-performance solar cell maker Jetion Holdings started trading on AIM today.

Chaired by distinguished industry figure Dipesh Shah, Jetion raised nearly £28 million at 151p in a placing handled by broker Collins Stewart to help fund the next stage of the company’s expansion. In their first day’s trading, the shares made a modest advance to 152.75p, valuing the company at £112.3 million.

With the cost of solar energy falling steadily, Shah argues Jetion, whose technology converts the sun’s rays into energy at an average rate of 16 per cent and has achieved 17 per cent, should score heavily from future switching to solar by domestic households and commercial users. Using wafers supplied by the likes of AIM-quoted ReneSola, Jetion, whose experienced management team is headed by chief executive officer Lijin Gai, former boss of New York-quoted Suntech Power Holdings, looks well placed to carve out a leading manufacturing role for itself, with China itself poised to become a major market.

Jetion Holdings	AIM	£28.76m	38.75p	0.00p
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Other company articles:
‘Strong first half’ at Jetion			15/07/2008
Jetion Holdings			08/04/2008
Jetion Holdings			13/02/2008
London debut for solar cell group			06/07/2007
Jetion			06/07/2007