Monday, July 9, 2007

First Solar in $1.28 bln of new contracts, shrs soar

(Reuters) - First Solar also said its board approved a plan to build a new manufacturing plant in Malaysia with an annual capacity of 120 megawatts of the modules. It expects to invest about $150 million in the plant, which should come on line in the first half of 2009.




The company's shares surged to all-time high levels, rising $15 to $111.29 in early Nasdaq trading. Earlier in the day, the shares reached as high as $112.80.


Read more at Reuters.com Hot Stocks News

No comments: