Saturday, February 18, 2012

LA County Allows Permit Changes to Green Light Solar Project

Suntech Power Hldgs. Co (NYSE:STP): Los Angeles County approved changes to a construction permit that will enable First Solar (NASDAQ:FSLR) to build a solar farm and complete a $1.36B deal with Excelon Corp. (NYSE:EXC), according to the Wall Street Journal. The county Department of Regional Planning earlier this week approved First Solar’s request to perform land grading on more acres than the company initially proposed for the project, a county planning official said.

The shares closed at $3.65, up $0.28, or 8.31%, on the day. Its market capitalization is $657.26 million.

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