First Solar climbs after Alphabet's $4.75 billion deal to buy Intersect
ReutersDec 22, 2025 5:17 PM
Shares of First Solar FSLR.O spike after Alphabet says it would buy data center firm Intersect in $4.75 billion deal
Stock last up 4.9% at $280
In 2022, FSLR entered an agreement to supply 2.4 gigawatts (GW) DC of its high-performance, advanced thin film photovoltaic (PV) solar modules to Intersect from 2024 to 2026
The modules would be deployed in Intersect Power's solar, storage, and green hydrogen projects coming online across the United States in 2025 through 2027
Under the deal announced on Monday, Alphabet to acquire Intersect's multiple gigawatts of energy and data center projects in development or under construction as it ramps up AI infrastructure build out
FSLR up 59% YTD versus 54% gain in Invesco solar ETF TAN.P
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