Monday, July 16, 2012

First Solar (Nasdaq: FSLR) Shares Up with Additional 100MW Installation

First Solar (Nasdaq: FSLR) Shares Up with Additional 100MW InstallationAtlanta, GA 7/16/12 (StreetBeat) – First Solar Inc (Nasdaq: FSLR) announced today its installment of an additional 100 megawatts in less than 12 weeks at an Arizona solar power plant. In April, the plant reached a 100 MW milestone. First Solar declined to answer if the plant will be complete earlier than planned, with a current expected completion in 2014.

The U.S. Department of Energy is supporting the plant with a $967 million loan guarantee, generating investor interest from MidAmerican (the utility affiliate of Berkshire Hathaway) and NRG Energy Inc. These power players each hold stake in this 290-MW Agua Caliente project in Yuma County, Arizona.

First Solar hit a ten-day high of $15.35 earlier in Monday’s session. Currently, shares are trading up 7.76% at $15.27.

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