STOCKS NEWS EUROPE-REC up on German solar dialogue hopes

Shares in Norwegian solar energy equipment maker Renewable Energy Corp (REC.OL) rise 3.4 percent to 43.16 crowns, on hopes the new government in Germany -- a key market -- will make smaller than previously expected reductions in solar subsidies.

"The coalition contract in Germany appears a lot more friendly for the solar industry than feared," says one analyst following REC, who asked not to be named.

"The market has feared severe cuts in solar subsidies and now it turns out they will have a dialogue with solar industry, so cuts may not be as drastic," the analyst says.

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