The Tempe, Arizona-based First Solar, Inc (NASDAQ:FSLR) moved up to the record high since June 12 after getting permission to continue construction on a $1.36 billion power plant in Los Angeles County.
First Solar, the largest manufacturer of thin-film solar panels, had the major boost among the Standard & Poor’s 500 Index corporation, boosting 9.2% to $15.88 at the finish in New York. First Solar stock fell 53% current year.
First Solar reported in a statement that construction of the Antelope Valley Solar Ranch One plant had been deferred during an authorized quarrel with county officials regarding building codes.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. SunPower Corporation (NASDAQ:SPWR) increased +4.88% to settle at $5.16, Ascent Solar Technologies, Inc (NASDAQ:ASTI) moved down -4.76% to end at $0.80 while DayStar Technologies Inc (NASDAQ:DSTI) surged +0.01% to finish on Friday at $1.44.
First Solar, Inc (NASDAQ:FSLR) on June 22, 2012 it increased +9.22% to the closing price of $15.88. The overall volume in the last trading session was 18.53 million shares. Its fifty two week range was $11.43-$142.22. The total market capitalization remained $1.38 billion.
FSLR is ahead its 52 week low with +38.93% and lagging behind from its 52 week high price with -88.83%. FSLR last month stock price volatility remained 7.75%. In its share capital FSLR has 86.77 million outstanding shares among them 59.77 million shares have been floated in market exchange. FSLR stock institutional ownership remained 69.16% while insider ownership included 0.14%.
The stock price of FSLR is moving forward from its 20 days moving average with +16.73% and remote negatively from 50 days moving average with -1.24%. FSLR current year earnings per share experienced an addition with -105.98% while its current quarter performance remained -39.18%. Company’s beta coefficient included 1.41. Beta factors measures the amount of market risk associated with market trade.
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