First Solar Up On Deal In Japan, New Chinese Tariffs

By | July 28, 2014

Scalper1 News

First Solar (FSLR) on Monday announced a new deal to supply solar modules to a Japanese solar distributor, which coupled with news Friday about new tariffs to be imposed on Chinese solar markers helped boost First Solar stock. Japan is “one of the highest-priced (solar) markets globally,” so the deal is a “positive,” Sven Eenmaa, an analyst with Stifel, Nicolaus & Co., told IBD. First Solar stock was up more than 3% in afternoon trading in the Scalper1 News

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