First Solar Rallies on Net Sales Forecast and GE Partnership

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First Solar Rallies on Net Sales Forecast and GE Partnership

First Solar Rallies on Net Sales Forecast and GE Partnership
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First Solar Rallies on Net Sales Forecast and GE Partnership

by TheStreet.com Videos 0:55 mins

First Solar announced on Wednesday a net sales forecast of $4 billion for the year. This sent the companies' shares sky high, up thirteen percent. It also expects earnings between $2.20 and $2.60 a share. First Solar also announced a major partnership with General Electric to create a utility scale solar power plant. First Solar said "this is a significant step in establishing the next generation power plant" using their thin film solar modules and GE's transformers."

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