| First Solar rise as Google parent acquires 22/12/2025 18:43 |
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FSLR
5.36%
Investing.com -- First Solar shares are trading 5% higher on Monday after Google parent Alphabet announced a $4.75 billion deal to acquire Intersect, a data center and energy infrastructure solutions provider.
The acquisition, announced at 11AM, aims to expand Google’s power generation capacity for its data centers. First Solar, a U.S.-headquartered solar technology and manufacturing company, has seen steady gains since the announcement.
Sundar Pichai, CEO of Google and Alphabet, stated: "Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data center load, and reimagine energy solutions to drive US innovation and leadership."
First Solar focuses on providing competitive and reliable power generation with its advanced American thin film PV technology. It stands as the only U.S.-headquartered company among the world’s largest solar manufacturers. |