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First Solar (FSLR) drops 6.7% premarket after announcing a 550MW solar farm project won't meet a...

  • Thursday, September 22, 2011, 9:23 AM ET
    First Solar (FSLR) drops 6.7% premarket after announcing a 550MW solar farm project won't meet a deadline to receive a DOE loan guarantee. The company says it's in talks "regarding the sale and financing of the project," and that the two other projects for which loan guarantees were previously announced "remain in the DOE process."
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This news story has 5 comments:

  • Why does it need a loan guarantee..if its so good it should have a lot of investors...Al Gore for one...Clinton the other....stop subsidizing crap
    22 Sep 2011, 09:27 AM Reply Like
  • What a dumb comment. The loan gtee program was established by Bush and his republican Congress.
    22 Sep 2011, 10:34 AM Reply Like
  • That's true, youngman: It's not a problem that the program exists.

    It's a problem that loans are actually approved based on bogus data or politically motivated. IOW: Crony capitalism...
    22 Sep 2011, 01:49 PM Reply Like
  • Yes when that is proven to be the case, then we can agree. Until then, lets not presume to know the results of the investigation. So far, there's really no convincing evidence that there was any political interference in the matter of approving the loan.
    22 Sep 2011, 07:00 PM Reply Like
  • Developments now appear likely to go beyond First Solar's loan guarantee on the Topaz Project. This could hurt the entire 24 GW pipeline that's in place at the moment -

    http://bit.ly/oCzrrF

    The leaders in Utility-scale exposure are obviously First Solar, SunPower - and next in line Suntech Power.
    22 Sep 2011, 05:39 PM Reply Like
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