Bloomberg News

First Solar Gains After U.S. Authorizes $57.3 Million Loan

July 19, 2012

First Solar Inc. (FSLR:US), the world’s largest maker of thin-film solar panels, rose to the highest in two weeks after two Mumbai-based companies secured U.S. loans to buy panels.

First Solar climbed (FSLR:US) 4.6 percent to $15.13 at the close in New York, the highest since July 5. Shares of the Tempe, Arizona-based company fell 55 percent this year.

The U.S. Export-Import Bank approved $57.3 million to Solar Field Energy Two Private Ltd. and Mahindra Surya Prakash Private Ltd. to help finance the purchase of First Solar panels, according to a statement yesterday.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

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


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Companies Mentioned

  • FSLR
    (First Solar Inc)
    • $70.69 USD
    • 0.78
    • 1.1%
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