First Solar, Inc. (NASDAQ: FSLR) has finally given its guidance from the conference call, and it looks like this and additional supply contracts will be good news for the entire solar sector and may even spill over into other alternative energy stocks.
The company announced a 525 megawatt long-term module supply pact with Sorgenia Solar for solar power plants in Italy and extended pacts with existing customers allowing for an additional $800 million spread from 2009 to 2013.
First Solar shares were floating around the break-even mark in theafter-hours session before its guidance and before its supply pactannouncement. But now shares are up 10% at $127.50.Below is the rest of the data:
As you will see below, this is causing a major rally in almost all of the other solar power stocks:
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