First Solar (FSLR) Acquires RayTracker To Improve Efficiency

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08:47:27 am on January 7, 2011

First Solar (FSLR) has announced it acquired RayTracker which makes solar tracking technology and PV balance-of-systems to improve efficiency by tracking the location of the sun.  I assume this technology is similar to the ground mounted tracking technology that Sunpower uses, but would like to hear from the experts in this area!  RayTracker’s team will integrate with First Solar along with their customers.

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“We expect the addition of RayTracker’s people and technology will help accelerate our ongoing quest to enable a world powered by clean, affordable and sustainable solar electricity,” said Bruce Sohn, President of First Solar. “We welcome RayTracker’s innovative associates to our advanced systems development team.”

Shares of FSLR continue to look pretty good in my opinion with a higher volume bounce off support of the 200 day moving average yesterday.  $130 is really the key level that it needs to hold.  A break below would be bearish for FSLR.  Shares are essentially flat at the open.

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