Loading…
Wednesday, October 01, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Wednesday, 10/24/2007

First Solar Inc. has huge increase in stock

First Solar Inc., a solar panel maker whose sole U.S. factory is in Perrysburg Township, had a huge rise in its stock yesterday, up $13.26 a share, after Lehman Brothers Holdings Inc. assigned an overweight rating because of its earnings prospects.

The company, based in Phoenix, had its stock rise 9.7 percent to $150.16 in Nasdaq Stock Market trading. That was the highest since its initial public offering in November, 2006.

The firm s long-term earnings growth could continue to exceed industry peers by at least two times and could easily triple earnings over the next five years, analyst Vishal Shah wrote in a note.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll