First Solar (FSLR) Spike Lifts Solar ETF (TAN)

June 22, 2012 10:33 AM EDT
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Shares of First Solar (Nasdaq: FLSR) are up 9 percent in early trading on Friday after the company said in a statement that it received permission to continue construction on a $1.36 billion power project in Los Angeles, which had been bogged down by building code regulations.

Guggenheim Solar ETF (NYSE: TAN) is up 1 percent in early trading today and 4.2 percent in the past 5 trading sessions. After falling 27 percent in 30 days, today’s rally comes as a relief to many weary investors.

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