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FSLR: First Solar Stock Soars on Guidance. GE Deal

FSLR stock is up about 14% Wednesday


First Solar (FSLR) has seen its stock rise following the company’s announcements of its 2014 guidance and its PV power plant deal with General Electric (GE).

FSLRThe solar company announced full-year 2014 guidance as well as summary financial targets for 2015 and 2016. First Solar expects net sales of $3.7 to $4.0 billion in 2014 and diluted earnings per share to be between $2.20 and $2.60.

First Solar stock also went up thanks to a deal with GE to develop a more cost effective and productive utility-scale PV power plant. The plant lowers installation and maintenance costs while producing high power delivery.

FSLR stock is up about 14% Wednesday.

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