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First Solar (FSLR) announces a major restructuring in which it will cut 2,000 jobs - or 30% of...

First Solar (FSLR) announces a major restructuring in which it will cut 2,000 jobs - or 30% of its workforce, close a plant in Frankfurt, and indefinitely idle four production-lines in Kulim, Malaysia. First Solar expects savings of $100M-$120M a year, but will take charges of $245M-370M. Company also pays down $145M of debt. (PR)
Comments (2)
  • jbde
    , contributor
    Comments (665) | Send Message
     
    And this is good news?

     

    I have been saying on SA for months that FLSR was done as a panel maker.
    Their process has hit the wall and cannot compete with c-si that still has a long way to go in conversion efficiency and process improvement to increase wafer yields as various steps in the manufacturing process move away from being labor centric to full automation.

     

    FLSR will simply become an installer and will [if lucky] end up installing for GE which will emerge as the only company able to finance utility scale solar farms through development and turn them over to the owners/operators who will have the banks lining up to finance them once operational.

     

    Analogous to a construction/permanent financing for house construction by a landowner.
    17 Apr 2012, 08:58 AM Reply Like
  • SpeckledSwan
    , contributor
    Comments (5) | Send Message
     
    Looking at a weekly chart, Full Stochastics is at the lowest point in a 2-year period, but the difference between the Oct 2011 chart where Full Sto was around 5 and now is that other indicators such as Keltner Channels, MACD, and Aroon, all show signs of a reversal in direction.
    17 Apr 2012, 08:58 AM Reply Like
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