First Solar's Acquisition of Evolar Sends Stock Soaring.
First Solar announced its acquisition of Evolar AB for up to $80 million, which caused FSLR stock to soar above a resistance level and lift other solar stocks as well. The acquisition is expected to speed up the development of next-generation solar technology, including highly efficient tandem devices. FSLR stock leapt 26.5% to 231.69 in huge volume, clearing resistance around 220 and regaining its 50-day moving average for the first time since late April.