Continued interest in Solar Power leads to successful IPO for First Solar, Inc.

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Continued interest in Solar Power leads to successful IPO for First Solar, Inc.

By MB-BigB | November 17, 2006

First Solar, Inc had a very successful opening on Wall Street today, opening above its original price range and jumping 24% on its first day of trading. First Solar, which makes thin film solar panels, was originally set to price out between $17-$19, and opened up at $24.50. What’s this all mean? Well, it’s great if you had some of the original shares, but even if you didn’t, its a measure of investor interest in the industry. Successful IPO’s mean more IPOs from other companies, and that means companies will get the capital they need to bring good solar power products to market.