3rd Update: First Solar to Boost Production as Profit, Sales Climb

The Wall Street Journal

–First Solar to increase manufacturing this year to meet rising demand

–Company is expanding in U.S., India, Middle East, Australia, Chile

–CEO touts advantages over rivals in oversupplied global market

First Solar Inc. (FSLR) said it will boost production to meet rising demand, despite a glut in the global solar-panel market, and the company’s second-quarter profit jumped 82%, triggering a stock rally.