Congress is Investigating Solar Companies
Barron’s is reporting today that House Republicans are expanding their investigation of Solyndra to include other solar power companies, including First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWRA).
Observers are claiming that the Republicans’ investigation is a response to Obama’s recent statement in support of federal funding for alternative energy projects.
Shares of the two companies are trading down today. Following is some information on the companies’ stock price performance.
- First Solar (NASDAQ:FSLR): The shares recently traded at $55.14, down $1.94, or 3.4%, on the day. The shares have traded in a 52-week range of $53.05 to $175.45 and its market capitalization is $4.76 billion. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
- SunPower Corporation (NASDAQ:SPWRA): The shares recently traded at $8.02, down $0.45, or 5.26%, on the day. The shares have traded in a 52-week range of $6.60 to $23.36 and its market capitalization is $803.33 million. About the company: SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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