First Solar (FSLR +3.8%) rallies after announcing deals with PNM Resources (PNM) to build 4 New...

|By:, SA News Editor

First Solar (FSLR +3.8%) rallies after announcing deals with PNM Resources (PNM) to build 4 New Mexico solar plants that will provide 20MW of capacity. Also, the company has hired energy industry vet Bruce Yang to be the managing director for its Chinese ops. The Chinese solar market has been growing quickly, though most of its demand has been handled by local vendors.