Intermolecular, First Solar Ink Multi-Year Collaboration Deal; Shares Down
Intermolecular Inc. ( IMI ) and First Solar Inc. ( FSLR ) have entered into a two-year collaboration and licensing agreement focused on further increases to the conversion efficiency of FSLR's cadmium telluride (CdTe) solar cell technology. FSLR and IMI researchers will collaborate to develop disruptive new approaches to increasing the performance of CdTe solar cell technology using IMI's proprietary High Productivity Combinatorial (HPC) platform. The program targets substantial gains in FSLR's module conversion efficiency beyond its previously announced roadmap.
IMI is down 3.1% at $8.51, trading in a 52-week range of $5.01 - $9.55. Shares have fallen 3% in the last 12 months.
FSLR is down 5.7% at $31.68, trading in a 52-week range of $11.43 - $50.20. Shares have fallen 10% in the last 12 months.
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