Aleo has been a remarkably steady presence in the PV universe since German automotive components giant Bosch bought a majority stake in 2009.

In contrast to similar sized German peers like Solon, Aleo has not moved downstream into project development or systems integration, choosing instead to focus exclusively on manufacturing mono- and polycrystalline modules.

Unlike many of its peers, however, Aleo has consistently turned in solid performances during a topsy-turvy period for the PV sector, with its share price reaching a five-year high as recently as mid-July.

But