First Solar, Inc. (FSLR) shares are surging more than 22 percent on Friday morning trade after the company announced the acquisition of Evolar AB, a European thin film company for $38 million.
The company said the acquisition is expected to accelerate the development of next-generation PV technology, including high-efficiency tandem devices.
Currently, shares are at $225.15, up 22.90 percent from the previous close of $183.19 on a volume of 8,264,311.
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