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Re: 3xBuBu post# 9339

Monday, 11/05/2007 11:13:43 PM

Monday, November 05, 2007 11:13:43 PM

Post# of 72997
FSLR ($148.10) going to have a big day tomorrow! Already up 6.58% in AH. Chart on bottom. It's bouncing off the 21ema, and will probably make new high 52wk tomorrow, over $160.

http://biz.yahoo.com/pz/071105/130569.html

First Solar Announces Expansion
Monday November 5, 4:30 pm ET
Additional Four Production Lines to Support New Long Term Module Supply Agreements Totalling 557MW

PHOENIX, Nov. 5, 2007 (PRIME NEWSWIRE) -- First Solar, Inc. (NasdaqGM:FSLR - News) announced today that it has entered into new long term module supply agreements with a subsidiary of international investment and funds and asset manager Babcock & Brown (ASX:BNB.AX - News), and Ecostream Switzerland GmbH, a subsidiary of Econcern BV, which focuses on developing solutions for sustainable energy supply. The new agreements expand contracted module volume by a total of 557MW, allowing for additional sales of approximately $1 billion at an assumed exchange rate of $1.30/E1.00 over the period of 2008 to 2012. The agreements are structured on terms similar to First Solar's existing long term supply agreements.

To meet the demand expected from the sales contracts, First Solar's board of directors has approved the construction of a fourth manufacturing plant in Malaysia with four production lines, bringing the total number of production lines to 16 for the Malaysian Manufacturing Center. The new plant is scheduled to start production in the second half of 2009 and will be built adjacent to the three previously announced plants currently under construction in Malaysia.



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