3rd Update: First Solar to Boost Production as Profit, Sales Climb
Thursday, Aug 02 2012
Source
The Wall Street Journal
--First Solar to increase manufacturing this year to meet rising demand
--Company is expanding in U.S., India, Middle East, Australia, Chile
--CEO touts advantages over rivals in oversupplied global market
First Solar Inc. (FSLR) said it will boost production to meet rising demand, despite a glut in the global solar-panel market, and the company's second-quarter profit jumped 82%, triggering a stock rally.