drkw equity research renewable energy germany initiation on sector 20 july 2005 solar industry a bright future online www drkwresearch com bloomberg go please refer to the disclosure appendix at end of this report for all relevant disclosures and our disclaimer in respect any compendium covering six or more companies are available website by contacting department address below dresdner kleinwort wasserstein securities limited authorised regulated financial services authority member firm london stock exchange po box 560 fenchurch street ec3p 3db telephone 44 7623 8000 telex 916486 registered england no 1767419 office bank group solarworld buy current 78 9 target 90 market cap 1bn conergy hold 84 3 80 0 8bn analysts alastair bishop 7475 1594 james stettler 2357 price relative 25 2 16 23 30 6 13 27 4 11 18 apr may jun jul