Tuesday, May 3, 2011

First Solar (FSLR) Down 8% on First Quarter Results

Stock is down 8% after hours after today's earnings report as revenue was down year over year and management made cautionary statements during the conference call. The average cost for PV panels during the quarter was 75 cents per watt. All the PV solar companies have been saying that inventories built up during Q1, which will put pressure on pricing.

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