First Solar (FSLR -4%) is making new all-time lows after badly missing Q1 estimates and...

|By:, SA News Editor

First Solar (FSLR -4%) is making new all-time lows after badly missing Q1 estimates and appointing a permanent CEO, though the bloodletting seen in recent months is limiting its decline. During its earnings call, First Solar noted ASPs for solar modules fell another 13% Q/Q in 2012, though it expects pricing to improve. DNB Markets is upgrading shares to Buy on hopes of improving cash flow. Others are more cautious for the expected reasons (I, II, III).