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First Solar (FSLR -7.7%) tumbles after receiving a downgrade to Negative from Positive from...
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Friday, October 5, 2012, 9:58 AM ETFirst Solar (FSLR -7.7%) tumbles after receiving a downgrade to Negative from Positive from Avian, which claims the junction boxes accompanying First Solar's solar module installations are suffering from reliability issues. Avian, which smartly upgraded First Solar in May, notes the warranty on First Solar's modules lasts for 20 years. Solar stocks in general are selling off (TAN -1.9%) following a critical NYT column about Chinese production. TSL -3.5%. STP -3.5%.
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This news story has 6 comments:
Going back to new lows.
As I have said, thinfilm cannot compete with c-si and being just an installer without funding is a doomed biz plan.
WTF ???
Give me a break.
They cannot hide the physics of large sheets of thinfilm expanding and contracting in hot/cold cycles. Eventually it cracks - like cheap window tinting.
Subsidizing thinfilm with the total cost of an installation is not a good business plan and eventually they will just go away.
Much better financed companies - think GE - will soon be the major force in utility scale projects. And they will be buying tried-and-true c-si panels from the Chinese - as the complaints about dumping do not hold water since the Chinese makers have positive gross margins.