First Solar is on a race to boost its core technology and remain a major player in the market.
GE was poised to be First Solar’s major nemesis. But now GE has become one of First Solar’s largest shareholders by selling its thin film solar technology to the panel giant.
A stealthy Silicon Valley startup called TetraSun, which designs silicon solar cells, has been acquired by solar giant First Solar. It’ll be First Solar’s first commercial foray into highly efficient silicon panels.
First Solar’s stock is smoking hot on Tuesday, soaring almost 50 percent to reach almost $40 per share. That’s quite a turn around for the solar thin film leader who had such a difficult year in 2012.