First Solar IPO

First Solar Inc. (FSLR) started trading last Friday, priced at $20/share and closed that day with a gain of 23.7% at $24.74.

First Solar is one of the latest IPO in solar cell companies that bring to the market the new and promising thin film solar cells, much like Nano Solar and Miasole companies that should have their IPO's in the next year.

Solar Stocks Blog will post a more complete analysis of First Solar in the next few weeks.

Their Thin Film technology is described in their site:

While the theoretical benefits of CdTe and other thin film technologies have long been recognized, First Solar’s successful scale up demonstrates the actual production of high performance CdTe modules in volume, transitioning the technology from the “development” to “growth” phase. Multiple years of field data are now available to demonstrate First Solar’s efficiencies, high energy yields and excellent system performance ratios. CdTe module production facilities are today, even at the early stages of commercial production, achieving levels that required many years of production experience to achieve with traditional technology. Repeatable production processes have been fully demonstrated, enabling large scale expansion of CdTe module production.

read the rest here

posted by IntoBlogs at 9:30 PM