According to an article in the Toledo Blade [thanks Colleen], shares of Phoenix, Ariz.-based thin film solar module maker First Solar Inc. with production facilities in Perrysburg, Ohio, is experiencing impressive results with its stock. Today, the company closed its stock trading at $68.82, and yesterday, Monday, May 7, First Solar's stock price closed at $69.63 – a record high for the company.
The surge comes after the company, founded in Toledo as Solar Cells Inc., reported Q1 earnings that easily beat Wall Street estimates, the article said, and that analysts predicted break-even earnings, but the firm had a profit of $5 million on sales of $66.9 million. The company filed its 10-K report today with the SEC.
The company completed an initial public offering in November 2006, and appointed an Intel veteran as its CEO in March.
Further, the company broke ground on a new solar module manufacturing plant in Malaysia in April, that is expected to produce a minimum annual capacity of 100-megawatts.Other companies in the solar cell and solar energy space include BP Solar, Energy Conversion Devices, Energy Photovoltaics, Evergreen Solar, Kyocera Solar, PowerLight, Q-Cells, SCHOTT Solar, Solarfun Power, SunPower, Suntech Power Holdings and U.S. Energy Systems.
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