First Solar (FSLR -15%) goes into freefall following news it has halted deliveries for the $1.8B...

|By:, SA News Editor

First Solar (FSLR -15%) goes into freefall following news it has halted deliveries for the $1.8B Agua Caliente Arizona solar plant due to construction being ahead of schedule. Agua Caliente, a 51/49 JV between NRG Energy (NRG) and Berkshire Hathaway's MidAmerican Energy, is already 85% built, even though the project isn't scheduled for completion until the end of 2013. The halt may be stoking fears First Solar's recent growth was padded by aggressive deliveries. (previous)