First Solar (FSLR) shares sizzled on the stock market Tuesday, adding to their 40% growth in 2015. The stock has gained on the news that the company would partner with SunPower (SPWR) on a yieldco. The solar panel maker is also getting a boost from its rollout of a new service to manage customer power plants. And last month, First Solar announced that it’s committing $848 million to partner with Apple (AAPL) to supply power to the tech giant’s new
Apple (AAPL) reportedly has cut its Apple Watch production in half because of problems producing displays for the new smartwatch. Taiwanese publication UDN Mobile on Tuesday said that Apple has slashed its per-month shipment target to 1.25 million to 1.5 million units, from 2.5 million to 3 million units. The news outlet says it has spoken to sources in Apple’s (AAPL) supply chain, including contract manufacturer Quanta. The cutbacks are related to production issues for a new type of display for Apple: active-matrix organic light-emitting diode (AMOLED). UDN Mobile said LG Display (LPL) is the initial exclusive supplier of the AMOLED screen for the Apple Watch. To date, Apple has used liquid crystal display (LCD) screens for its mobile devices, including the iPhone and iPod Touch. But AMOLED offers lower power consumption and richer colors than LCD
First Solar (FSLR) shares heated up Tuesday as the solar panel maker and power-plant builder rolls out a new service to operate and maintain power plants for other companies. The latest product launch comes hot on the heels of announcements to form a yieldco with rival SunPower (SPWR) and a major deal to supply solar power to Apple’s (AAPL) new headquarters. First Solar stock was up 4%, near 63, in afternoon trading in the stock market today. The