First Solar Pops 4% on Partnership with Kiran Energy and Mahindra Solar

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First Solar Inc. ( FSLR ), Kiran Energy Solar Power Pvt. Ltd. and Mahindra Solar One Pvt. Ltd. have completed a supply agreement in which FSLR's advanced, thin-film solar modules for two solar photovoltaic (PV) power plants totalling 50 megawatts ( MW ) DC will be constructed in India's Rajasthan state.

FSLR will supply more than 585,000 of its advanced, thin-film solar modules for the two projects of 30 MWDC and 20 MWDC. Construction on both projects is expected to begin this year and be completed in Q113.

The two adjacent projects are part of the second batch of utility-scale solar projects concluded under India's Jawaharlal Nehru National Solar Mission ( NSM ).

FSLR is up 3.5% at $20.77 and trades in a 52-week range of $11.43 - $65.20. Shares have decreased 65% in the last 12 months.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: FSLR , MW , NSM

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