Bloomberg News

First Solar Rises on Sale of Topaz Project to Buffett

December 07, 2011

(Corrects spelling of name in headline.)

Dec. 7 (Bloomberg) -- First Solar Inc., the world’s largest maker of thin-film panels, rose in early New York trading after agreeing to sell its $2 billion Topaz solar farm in Southern California to Warren Buffett’s MidAmerican Energy Holdings.

First Solar climbed 6.6 percent to $49.17 at 9:05 a.m. Before today, the shares had declined 65 percent this year.

--Editors: Will Wade, Tina Davis

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.


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