First Solar, Inc (NASDAQ:FSLR), the world’s second biggest manufacturer of solar cells, will ramp up output at its German facility to fulfill an sudden boost in demand before the factories were closed at the end of 2012, according to a spokesperson on Tuesday.
Spokesman of United States-based First Solar stated that they expects that they can manage both factories at around full capacity until October and slowly lower production after that they shut them by the end of the year.
In April, First Solar reported that it would shut down its output site in Frankfurt, Germany, in the fourth quarter.
First Solar declared that ramping up the site, situated close to the Polish border and employing almost 1,200 staff, was because of strong demand in Europe and particularly Germany.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. SunPower Corporation (NASDAQ:SPWR) increased +8.76% to settle at $5.09, Ascent Solar Technologies, Inc (NASDAQ:ASTI) moved up +0.60% to end at $0.67 while DayStar Technologies Inc (NASDAQ:DSTI) surged +3.42% to finish on Tuesday at $1.21.
First Solar, Inc (NASDAQ:FSLR) on June 12, 2012 it increased +21.25% to the closing price of $14.95. The overall volume in the last trading session was 21.55 million shares. Its fifty two week range was $11.43-$142.22. The total market capitalization remained $1.30 billion.
FSLR is ahead its 52 week low with +30.80% and lagging behind from its 52 week high price with -89.49%. FSLR last month stock price volatility remained 8.14%. 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 +9.78% and remote negatively from 50 days moving average with -13.84%. FSLR current year earnings per share experienced an addition with -105.98% while its current quarter performance remained -45.28%. Company’s beta coefficient included 1.41. Beta factors measures the amount of market risk associated with market trade.
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