Energy
First Solar Shines Brighter in Nevada (FSLR, SRE)
Published:
Last Updated:
First Solar, Inc. (NASDAQ:FSLR) has signed a deal with a division of Sempra Energy (NYSE:SRE) to build a 48-megawatt photovoltaic power plant that expands an existing 10-megawatt plant near Boulder City, Nevada. Construction is expected to begin this year and be completed in 2010. When the plant is completed it will be the largest photovoltaic power plant in North America. No monetary value for the deal was provided.
The total 58-megawatt plant is located adjacent to Sempra’s 480-megawatt combined cycle, natural gas-fired power plant about 40 miles southeast of Las Vegas. The deal does have a couple of conditions: Sempra must be able to find a buyer and the plant must pass state and local regulatory approvals.
First Solar shares are up more than 3% in pre-market trading this morning, to $152.75. That’s still less than half the 52-week highs.
Paul Ausick
April 15, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
