First Solar Inc. (FSLR), the world’s largest maker of thin-film solar panels, rose to the highest in two weeks after two Mumbai-based companies secured U.S. loans to buy panels.
First Solar climbed (FSLR) 4.6 percent to $15.13 at the close in New York, the highest since July 5. Shares of the Tempe, Arizona-based company fell 55 percent this year.
The U.S. Export-Import Bank approved $57.3 million to Solar Field Energy Two Private Ltd. and Mahindra Surya Prakash Private Ltd. to help finance the purchase of First Solar panels, according to a statement yesterday.
