ulikeAvatar de ulike33 billets | Profil Recherche Google

ce blog tous
Derniers billets Connexion



Tuesday's news release


New Wall Street solar cell energy storage records supported by solar, Silicon Valley
  Silicon Valley tech stocks and solar companies soared Tuesday, pushing the Dow Jones industrial average and Standard & Poor's 500 to new all-time highs as a record-breaking 2013 for stock indexes continued.

The Dow established record intraday and closing prices Tuesday, one week after last setting records, while the S&P reached an all-time intraday high of 1,573.89 before falling back below its record close by the end of the session. Technology stocks with an important driver:Solar Wafer many technologies The tech-heavy Nasdaq had the best one-day gain of the three major U.S. indexes, advancing 0.5 percent, while the SV150 index of Silicon Valley's largest public tech companies outgained the all with a 0.9 percent increase.

The largest gains of the day belonged to the solar sector, led by the largest solar manufacturer in the United States, First Solar. The Arizona company announced it expects much better revenues and profits this year than analysts have forecast, then went out and spent some of those expected profits by agreeing to purchase San Jose startup TetraSun for an undisclosed price.

The move represents a new direction for solar wafers for making solar cells First Solar: It has grown to its current size by selling cheap but inefficient solar cells, but TetraSun produces highly efficient photovoltaic cells that are more expensive. First Solar believes that it can produce TetraSun's efficient product at commercial scale at affordable prices, however.

"This breakthrough technology will unlock the half of the (photovoltaic) market which favors high-efficiency solutions, which has been unserved by First Solar to date," Jim Hughes, CEO of First Solar, said in Tuesday's news release.

The pair of news nuggets, which First Solar delivered at a meeting with analysts, gave the company its largest one-day jump in history, with shares closing with a 45.5 percent gain at $39.35 after earlier rising more than 50 percent to a 52-week high of $41.