In pre-market trade FSLR up 14% at $56.59, SPWR up 15.61% at $32.14.
SunPower will be releasing earing in a few minutes.
More to follow.
From Investors Daily via Yahoo:
Solar panel manufacturers First Solar (FSLR) and SunPower announced Monday they're in "advanced negotiations" to form a joint, publicly traded yield company that would own and operate solar-power assets to generate revenue for investors.
The companies could use capital generated from the "yieldco" to fund new power projects, a growing trend in the industry.The two companies said in a statement they intend to file a registration statement with the Securities and Exchange Commission for an initial public offering for the yieldco. The companies didn't offer a time frame or say how much they would seek to raise through the IPO....MORE
