Wednesday, Dec 07, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…