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Edisun Power Europe Climbs 58% After Japan’s Nuclear Catastrophe

March 15 (Bloomberg) -- Edisun Power Europe AG, a Zurich-based solar power producer, surged 58 percent to 79 francs today, its biggest gain since September 2008, following Japan’s nuclear-reactor disaster.

The company is among the solar project developers in Europe that are expected to benefit in the aftermath of the nuclear accidents in Japan. Edisun, with a market value of 27 million francs ($30 million), said in November that it operated 71 solar power facilities with a total capacity of 9.6 megawatts in Switzerland, Germany, Spain and France.

Edisun, which develops, finances and operates solar power plants through much of Europe, has risen 39 percent this year. The shares surged as much as 70 percent in today’s trading.

Link to Company News:{ESUN SW <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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