In honor of Earth Day I thought I would write a post about a green stock. My definition of a green stock is a company that is developing green technology that will allow us to live more sustainable lives. It is important for me to note right now 1) I currently own the stock I am writing about 2) I have absolutely no training as a stock broker or financial advisor so before you invest anyof your own money in the company I talk about here do your own research and make your decisions appropriately and 3) You should always do alot of research before you invest in the stock market.
First Solar Inc. (NASDAQ: FSLR)
Corporate mission: To create enduring value by enabling a world powered by clean, affordable solar electricity.
Information: First Solar was formed in 1999 and launched production of commercial products in 2002 and has achieved the lowest manufacturing cost per watt in the industry, $.98/watt for the fourth quarter of 2008, breaking the $1 per watt price barrier. First Solar is the largest manufacturer of thin film solar modules, having expanded manufacturing capacity to an expected 735 MW in 2008; and with additional plants under construction, First Solar will bring total expected capacity to more than 1 GW by the end of 2009.
Stock Information: Currently, trading at the lower to middle end of the 52 week spectrum. They were able to get through the begining of the horrible stock market decline by actually gaining at times and then not losing as much as the market.
Other News: First Solar Inc announced it would build a solar power plant for Sempra Energy in Nevada that, when completed, will be the largest photovoltaic power plant in North America.