First Solar Jumps On $850 Million Partnership With Apple

February 11, 2015   |   February 2015 Bond Updates
Shares of the Arizona-based First Solar are taking off in late Tuesday trading, thanks to a new partnership with none other than tech giant Apple. In what they are touting as "the largest commercial power deal," the companies announced Tuesday afternoon that Apple has committed nearly a billion dollars to partner with First Solar and build a solar farm south of San Francisco. Shares of First Solar surged nearly 5% on the news and continued to rise in the after-hours trading session; Apple, too, saw its stock gain on the news, closing for a 1.9% gain and a market cap above $700 billion.

View more at: http://www.forbes.com/sites/maggiemcgrath/2015/02/10/first-solar-jumps-on-850-million-investment-from-apple/
 
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